Morgan Stanley Upgrades South Korea Stocks to Overweight With 9000 Point Target

Rating upgrade to Overweight with 9000-point target implies 36% upside, citing deleveraging completion and HBM4 catalysts.

Woofun AI reports that Morgan Stanley has raised its rating on the South Korean stock market to "Overweight", setting a target of 9000 points. This adjustment suggests a 36% potential gain from current levels.

The firm states that severe leverage unwinding is concluding, with KOSPI valuations at historic lows. Data indicates hedge funds have reduced leverage by 75% and leveraged ETFs have contracted by 70% from peaks. Capital management trends, HBM4 pricing, and the iPhone 18 cycle are identified as key catalysts for the next uptrend phase.