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South Korea's benchmark KOSPI closed at 5,469.47 on Monday, down 80.83 points (1.46%), its lowest close in about seven months, according to Yonhap. The KOSDAQ fell 3.26% to 727.21. The index opened lower at 5,499.05 (down 0.92%) and extended losses into the close, with Business Korea attributing the drop to global macro uncertainty and heavy foreign selling. Goldman Sachs cut its 12-month KOSPI target by 25% to 9,000, citing concerns over AI infrastructure returns, though it still sees over 60% upside. Investors are also cautious ahead of major chipmaker earnings later this week, as Korea Times reports.