- Morgan Stanley raised South Korean stocks to overweight from equalweight, framing the recent leverage washout as a more attractive entry point for the AI trade and industrial super-cycle.
- The bank's 9,000 Kospi target implies 36% upside after the index fell as much as 5.5% on Monday following a record 18% gain in the prior session.
Quotes
“the recent “leverage washout” offers investors a better entry point into the artificial intelligence trade and industrial super-cycle theme.”