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Citigroup Maintains KOSPI Target at 10,000 Points on July 21

2026-07-21 06:09:33

According to CNBC, Citigroup maintained its KOSPI target at 10,000 points on July 21, citing the recent sharp decline in South Korea's stock market as a technical correction rather than deterioration in fundamentals. The target implies over 50% upside potential from July 20's closing price of 6,516.27. Citigroup assessed that recent losses—driven primarily by memory chip suppliers—represent a profit-taking opportunity and may offer a buying chance. KOSPI has fallen approximately 28% since hitting an all-time high on June 22 and declined 4.46% in a single day on July 20.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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