Korea’s KOSPI has doubled in 2026 — Goldman raises 12-month target to 12,000
South Korea’s benchmark KOSPI surged roughly 100% year-to-date, powered by AI chip giants Samsung Electronics and SK Hynix. Goldman Sachs raised its 12-month target to 12,000, implying over 35% further upside, while warning of overheating risks as trading volume doubled.
US and Iranian negotiators have largely agreed on a 60-day memorandum of understanding to extend the ceasefire and begin nuclear talks, pending President Trump’s approval. Brent crude fell nearly 19% in May — its worst monthly drop since the Covid-19 pandemic — as markets priced in the prospect of the Strait of Hormuz reopening.
Fed Chair Warsh hires Project 2025 author as his first adviser
New Federal Reserve Chair Kevin Warsh appointed Paul Winfree — author of the Fed chapter in the conservative blueprint Project 2025 — and Daniel Heil of Stanford’s Hoover Institution as interim advisers. The moves signal Warsh’s intent to pursue “regime change” at the central bank as markets watch for shifts in monetary policy direction.
