Morgan Stanley is trading 3.1% up at $217.79 after its strategy team upgraded South Korean equities to overweight, highlighting a leverage washout and 36% upside for the KOSPI.
- The firm's bullish call on South Korea suggests significant growth potential in emerging markets, driving positive sentiment for the investment bank.
- Shares are also benefiting from a broad risk-on backdrop, with major U.S. indices gaining more than 1% as stronger manufacturing data and easing geopolitical stress support the financial sector.