South Korea’s central bank reported that the country’s GDP grew 1.0% quarter over quarter in Q3 2026, beating a 0.3% market expectation cited in the report. Within the breakdown, exports rose 2.3% and equipment investment increased 4.1%, while private consumption slipped 0.2%.
Over the same three-month period, the KOSPI fell about 8.5%. Goldman Sachs cut its KOSPI target from 12000 to 9000, while saying the market assumption that chip-sector earnings will decline 65% in 2027 is too pessimistic.
The report also said that in October, based on Korea time, South Korea’s exports reached $115.3 billion. Chip exports accounted for $56.4 billion, or about 49% of the total. The Bank of Korea kept its benchmark interest rate unchanged at 3.00%. According to the report, the market still sees room for additional rate hikes because of continued strength in the chip cycle. The item was cited by Techub News and attributed to BeInCrypto.
South Korea’s central bank reported that the economy grew 1.0% quarter over quarter in Q3 2026, above the 0.3% expectation cited in the report.
Exports rose 2.3% and equipment investment increased 4.1%, while private consumption fell 0.2%. Over the same three-month period, the KOSPI declined about 8.5%.
Goldman Sachs lowered its KOSPI target from 12000 to 9000. It also said the market assumption that earnings in the chip sector will fall 65% in 2027 is too pessimistic.
In October, based on Korea time, South Korea’s exports reached $115.3 billion. Chip exports totaled $56.4 billion, accounting for about 49%.
The Bank of Korea kept its benchmark interest rate at 3.00%. The report said the market still sees the possibility of further rate hikes because of strength in the chip cycle.
The item was attributed to BeInCrypto.
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