Nomura becomes first to target Kospi at 8,000

Nomura became the first brokerage to project the Kospi at 8,000 in the first half of the year, setting a new high-water mark for targets as South Korea’s benchmark extends a record-breaking rally. Nomura Financial Investment, the Seoul unit of Japan’s Nomura Holdings, raised its first-half outlook to 7,500 in a base case and 8,000 in a bull case in a report released Monday. From the current 5,900 level, that implies potential gains of roughly 27 percent to 36 percent over the next four months. C

By The Korea Herald