FxWirePro- Major Crypto levels and bias summary 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Morgan Stanley has raised its June 2026 target for South Korea’s KOSPI index to 3,250 points, up from 2,950, citing accelerating capital market reforms and increasing institutional investor participation. The upgrade reflects confidence in South Korea’s equity market resilience, especially as the KOSPI remains firmly above the 3,000 mark despite ongoing global economic uncertainty.
Analysts attribute the bullish outlook to stronger-than-expected progress in corporate governance reforms, including key amendments to the Commercial Code and discussions around tax incentives. These developments are drawing growing interest from both foreign and domestic institutional investors, who have now overtaken retail investors as the primary market drivers.
The KOSPI has climbed 40% year-to-date, outperforming major Asian benchmarks, with financial stocks and holding companies leading the rally. Morgan Stanley believes the current reform wave is deepening, fueling long-term investor confidence and pushing up valuations, especially among undervalued companies.
While the outlook remains optimistic, analysts cautioned about potential downside risks, including rising U.S.-South Korea trade tensions and possible tariffs on key sectors. As such, Morgan Stanley outlined a bull-case scenario of 3,500 points and a bear-case floor of 2,500, depending on global macroeconomic shifts.
Investment recommendations include overweight positions in financials, high-dividend stocks, and holding firms poised for mergers and acquisitions. POSCO Holdings (KS:005490), listed on the NYSE as PKX, was added to the firm’s focus list due to ongoing restructuring efforts that could unlock shareholder value.
Analysts concluded that “value has more to go,” signaling further upside potential in dividend-friendly and reform-aligned equities. Investors are encouraged to stay engaged with South Korea’s evolving market landscape, driven by structural reforms and institutional capital inflows.
