Kospi to Rise to 1,900 in a Year, Morgan Stanley Says

(Bloomberg) -- South Korea’s benchmark Kospi index may rise to 1,900 in a year as “earnings momentum” will continue through 2010 and as the global economy recovers, Morgan Stanley said. Profits at Korean companies may rise 30 percent in 2010 after an average 56 percent increase this year, Morgan Stanley said in a report today. The leading economic indicator of the Organization for Economic Cooperation and Development, a proxy for the nation’s export growth, continues to climb, it said.

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