[Contrarian Bullish Call! Morgan Stanley Upgrades South Korea Stock Market Rating to 'Overweight,' Targeting 9,000 Points] BlockBeats News, August 3: Morgan Stanley has upgraded its rating for the South Korean stock market to 'Overweight,' setting a target of 9,000 points, implying a 36% upside from current levels. Morgan Stanley believes that the recent intense deleveraging phase is nearing its end, with KOSPI valuations dropping to historically low levels, offering investors a more attractive entry point. Their data shows that hedge fund deleveraging is approximately 75% complete, leveraged ETF volumes have shrunk by 70% from their peak, and the overall capital structure has significantly improved. Key catalysts for the next phase of growth in the South Korean stock market include capital management trends, HBM4 pricing, and the iPhone 18 release cycle.