According to Sina Finance, UBS lowered its 12-month target for South Korea's KOSPI from 8,800 to 8,000 and cut its target price-to-earnings ratio from 8 times to 7 times. The bank said the revision reflects headwinds from higher interest rates, a stronger won, and rising oil prices.
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STOCKS | UBS Cuts Korea KOSPI 12-Month Target to 8,000
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