韩股今年来飙升70%冠绝全球，小摩上调目标：未来一年再涨至少20%

Group 1 - The South Korean KOSPI index has seen a remarkable increase of nearly 70% year-to-date, making it one of the best-performing markets globally [1] - Morgan Stanley has raised its 12-month target for the KOSPI index to 5,000 points, with an optimistic scenario suggesting it could reach 6,000 points [2] - Morgan Stanley anticipates at least a 20% upside for the KOSPI index in the next 12 months, viewing short-term pullbacks as buying opportunities [4] Group 2 - The primary drivers of the KOSPI index's rise are the strong performances of major tech companies, Samsung Electronics and SK Hynix, which have benefited from surging demand for memory chips amid the AI boom [4] - SK Hynix's stock has surged by 218.63% and Samsung's stock has increased by 86.52% year-to-date, significantly contributing to the KOSPI index's overall performance [4] - Optimizations in shareholder return policies, including stock buybacks, are also enhancing the overall valuation of the South Korean stock market [4] Group 3 - Morgan Stanley has identified key companies for investment, including Samsung Electronics, SK Hynix, Hanwha Aerospace, Hyundai Motor, Naver, Shinhan Financial Group, Samsung C&T, Samsung Life Insurance, and Korea Shipbuilding & Offshore Engineering [4] - The investment strategy focuses on increasing exposure to the KOSPI market, particularly in semiconductors, finance, and select industrial stocks [4]