KOSPI is falling... “It’s going back to 9,000, buy now” Morgan Stanley’s reason for upgrading to ‘Overweight’

Morgan Stanley upgraded its view on South Korean stocks from neutral to overweight.

The firm said the recent pullback was driven by technical deleveraging and that selling pressure has eased.

It set a Kospi target of 9,000, citing potential upside from AI and a semiconductor recovery.

The call could improve foreign investor sentiment and support re-rating in Korea’s chip and AI sectors.