Morgan Stanley: US Political Shift Weighs on Korean AI Stocks, KOSPI May Turn in November

Cointime reports: Morgan Stanley said the US political shift is affecting Korean equities mainly through the AI investment climate rather than the election result itself, and that the KOSPI may hit a turning point in November. After Democrats won control of both chambers on Nov. 5, fears of tighter AI data-center regulation triggered a selloff in Korean stocks. The bank prefers financials, non-AI capex names and quality consumer stocks, while defense-sector pressure is largely priced in.