KOSPI trader sentiment reflects optimism that AI-driven semiconductor demand will lift the index back above its June 2026 peak of 9,385 before 2028, with the benchmark currently trading near 6,910 after a sharp correction from that high. The market’s heavy weighting toward Samsung Electronics and SK Hynix benefits from persistent HBM shortages and hyperscaler spending projected to exceed $1.2 trillion in 2027, supporting Goldman Sachs’ 12,000 target and expectations for 300-plus percent 2026 earnings growth. Recent rebounds above 7,000 on renewed chip rallies and long-term supply agreements have reinforced views that the memory supercycle extends into 2028, though concentration risk, foreign outflows, and potential supply responses remain key swing factors. Corporate governance reforms continue to narrow the Korea discount, sustaining the 69.5 percent implied probability for a new all-time high.