Morgan Stanley upgraded South Korean equities to overweight, citing a 30% technical selloff from the June peak as a fresh entry point into the AI trade. The bank set a 9,000 target for the KOSPI, implying 36% upside, and expects the index to trade in a near-term range of 5,500 to 10,500. Samsung Electronics and SK Hynix are seen providing valuation support. The bank also upgraded Thai equities while cutting Australia to underweight.
Source: Read the original article
