KOSPI Seen Reaching 10,000 Points in H2 2026 Amid Earnings-Driven Rally, Says Mirae Asset Head

According to Choi Chang-kyu, head of Mirae Asset Management, speaking on July 3, South Korea's KOSPI index could reach 10,000 points in the second half of 2026, supported by solid corporate earnings and export momentum. Choi noted the market is currently driven by earnings fundamentals, though volatility has increased as the index has already risen significantly and investors lack conviction on additional momentum.

Choi forecasts KOSPI will advance in a "zigzag" pattern between 7,500 and 10,000 points, influenced by foreign investor flows, exchange rates, and major tech companies' AI capital expenditure plans. Key risks include rising Chinese semiconductor and humanoid robot competition, U.S. monetary policy under the Trump administration, and the won trading at 1,500 per dollar. For portfolio strategy, Choi recommends avoiding chase buying during rallies, maintaining cash and bond positions as defensive hedges, and focusing on semiconductor supply chain firms and dividend-yielding sectors.