Morgan Stanley lowers Kospi pessimistic scenario target to 6000 points

Morgan Stanley has lowered the Kospi pessimistic scenario target from 6500 points to 6000 points, maintaining the benchmark target of 9000 points unchanged, and adjusted the 3 to 6-month volatility range to 6000-9000 points. The bank has upgraded its communication services sector to over rated and listed banking, information technology, industrial manufacturing, and healthcare sectors as its top choices.