KOSPI Breaks 7,800 as Chip Leaders Drive Talk of 12,000 Target

The KOSPI has broken through the unprecedented 7,800 level, powered by a rapid rally in two leading semiconductor stocks. The index rose 324 points in a single day, putting the Korean stock market’s sharp advance back at the center of investor attention. The original report said strength in major chip names led the index higher. Against that backdrop, domestic and overseas brokerages are moving to raise their KOSPI targets, with forecasts pointing to the so-called “Manspi,” or 10,000-point KOSPI. Some projections have even mentioned 12,000. The surge is increasing focus on semiconductor momentum and brokerage target revisions. Source: mk.co.kr.