Goldman Sachs has reduced its 12-month target for South Korea's Kospi index by 25%, lowering it from 12,000 to 9,000 after the index fell 40% since midsummer. The Kospi is seen as a key indicator for global AI trade sentiment, especially due to its heavy weighting in semiconductor stocks. Despite the cut, Goldman remains bullish on Korea's market, citing a potential 60% upside from the revised target. This reflects ongoing optimism about Korea's role in the AI sector despite recent market volatility.
The Kospi index's recent forecast cut by Goldman Sachs contrasts with the current performance of US technology stocks on Pluang. As of Oct 26, 2026 16:41 WIB, 85 out of 150 priced Technology-sector US stocks rose, while 47 fell. Among notable movers, NBIS dropped 2.21% to USD 155.14 with a typical hold time of 26 days, IREN declined 2.19% to USD 24.36 with 29 days typical hold, and CIFR fell 2.02% to USD 7.78 with a 16-day hold period.
Smithfield Foods has created a $250,000 Future Leaders Scholarship program at Christopher Newport University to support eight incoming business students with $7,500 annual scholarships renewable for up to four years. The program aims to help local st...
E-Power Inc.'s joint venture, Sunrise Guizhou, received RMB 110 million of a planned RMB 200 million capital increase, raising its registered capital and valuing the company at RMB 2 billion post-money. The funds will support business expansion, R&D,...
AS Tallinna Sadam has signed a €50 million unsecured loan agreement with Swedbank, with a 5-year term and interest based on 3-month Euribor plus a margin. The loan will be fully drawn on October 26, 2026, and matures on October 26, 2031. This financi...
AS Tallinna Sadam signed a €50 million unsecured loan agreement with AS Swedbank, maturing in five years with an interest rate based on 3-month Euribor plus margin. The loan, drawn on October 26, 2026, will be used to redeem bonds worth €50.4 million...
Vita Coco, a leading coconut water brand, has partnered with Homesick to create a limited-edition candle collection inspired by Vita Coco Treats flavors: Strawberries & Creme and Frosted Lemonade. The candles capture the essence of these flavors thro...
