Morgan Stanley Sees 36% Upside to Korean Stocks After 'Washout'
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8 Articles
(Seoul = Yonhap News) Reporter Seol Won-tae = Global investment bank Morgan Stanley has upgraded its investment rating for Korean stocks to 'Overweight'...
Due to the recent sharp decline in the KOSPI, 360,000 margin accounts with a high proportion of investors under the age of 35 were forcibly liquidated. This is analyzed as a result of excessive leveraged investment. Morgan Stanley upgraded its investment rating to "Overweight," forecasting that this technical correction is in its final stages and that the KOSPI will rise an additional 36% in the future, led by the AI industry.
Morgan Stanley Sees 36% Upside to Korean Stocks After 'Washout'
Morgan Stanley upgraded South Korean stocks to overweight, saying the recent “leverage washout” offers investors a better entry point into the artificial intelligence trade and industrial super-cycle theme.
The stock market in South Korea today loses 5% after +17.9 % on Friday. Mega-volatility! Morgan Stanley sees 36% upside potential. The post South Korea stock market: Volatility extreme – Morgan Stanley me massive upgrade appeared first on financial marketwelt.de.
After the South Korean stock market fell 30 percent since its record highs in June, major bank Morgan Stanley now sees just over 40 percent upside in the AI-heavy market, Bloomberg reports.
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