Korea-Japan Asian Markets Diverge: Korea Upgrade Meets Yen and Kioxia Concerns in Japan

글로벌 시장 | Mon Aug 03 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 2 sources

Morgan Stanley upgraded Korean equities to overweight while Japanese markets weakened on yen intervention concerns and disappointing Kioxia earnings.

Analysis

[Morgan Stanley] upgraded Korean equities to overweight ^[1]

• Identified leverage washout as a buying opportunity
• Highlighted AI trade and industrial supercycle themes
• Suggested 36% additional upside potential

[Japanese Stock Market] poised to open lower on yen intervention caution and Kioxia guidance disappointment ^[2]

• Japanese equity futures signaled a lower open
• Tokyo and New York coordinated intervention to support the yen
• Heightened caution over further yen intervention

[Kioxia Holdings] issued profit outlook below market expectations ^[2]

• Announced earnings guidance below analyst estimates
• Emerged as a downward pressure factor for the Japanese stock market

Sources

• [1] Morgan Stanley Sees 36% Upside to Korean Stocks After ‘Washout’ - Bloomberg Markets
• [2] Japanese Stocks Set to Fall on Yen Worries, Kioxia Guidance Miss - Bloomberg Markets