JPMorgan raises KOSPI bull case target to 8,500 on memory chip boom, and crypto may feel the squeeze

JPMorgan has increased its bullish price target for South Korea’s KOSPI index to 8,500, representing a potential 37% upside. The forecast is driven primarily by surging demand for memory chips fueled by artificial intelligence, which has significantly boosted the performance of major semiconductor firms like Samsung Electronics and SK Hynix. This macroeconomic shift may create challenges for the South Korean crypto market, which has historically relied on retail interest. Despite the country's high trading volume, low institutional participation and regulatory hurdles, combined with capital flow shifts toward the booming semiconductor sector, could place additional pressure on digital asset investments.

(Source：Crypto Briefing)