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JPMorgan Raises Taiwan Market Targets on AI Buildout

JPMorgan Chase elevated its bull-case target for Taiwanese equities to 50,000, marking the second upward revision in less than a month. The bank cited strong exposure to the global AI buildout as the primary catalyst. JPMorgan separately raised its Kospi target for South Korean stocks to 10,000, citing improvements in the memory chip cycle and corporate governance reforms. According to JPMorgan strategists, global stock markets are delivering competitive returns relative to the S&P 500. The strategists noted that recent market momentum has been narrow, suggesting conditions favorable for broader gains as investors respond to positive developments.