Morgan Stanley Sees Kospi at 9,500, Says 10,000 Is Possible

Global investment bank Morgan Stanley said on May 13 that it has set its year-end Kospi outlook at 9,500 and sees a possible move to 10,000. In a report released the previous day, the bank explained that the Kospi could enter a phase of structural growth. The forecast signals a strong overseas investment-bank view on the direction of South Korea’s equity market. Based on the original summary, however, detailed additional conditions or sector-level forecasts were not disclosed. Investors should weigh the higher index outlook alongside the report’s assumptions and market volatility. Source: mk.co.kr