MORGAN STANLEY upgraded South Korea equities to overweight from neutral, saying recent deleveraging improves entry points for AI and an industrial supercycle trade. Strategists led by Daniel K Blake estimate KOSPI has about 36% upside to their 9,000

2026-08-03

MORGAN STANLEY upgraded South Korea equities to overweight from neutral, saying recent deleveraging improves entry points for AI and an industrial supercycle trade. Strategists led by Daniel K Blake estimate KOSPI has about 36% upside to their 9,000 target after large unwinds of crowded and leveraged positions. index fell as much as 5.5% on Monday following a record 18% jump on Friday. Morgan Stanley describes the recent sell-off as mainly technical and says deleveraging of leveraged ETFs, hedge-fund leverage and retail margin trading is more than half complete. It sees KOSPI trading in a 5,500–10,500 range near term, and expects Samsung Electronics and SK Hynix to provide valuation support; industrials, defense and financials are likely beneficiaries.

Other News
2026-08-03

People familiar with the matter said Italy's Prysmian is in advanced talks to acquire US electrical-products maker Atkore in an all-cash transaction and is finalizing preparations for a deal that could be announced in coming days. Sources cautioned t

2026-08-03

As markets priced in a likely new round of US-Iran talks, international crude futures plunged after trading began on the 2nd. By 19:00 ET, NYMEX September WTI hit a low of $74.78/bbl, down $5.89 (-6.96%) from the prior close; ICE October Brent hit $8