Nov 4 (Reuters) - Morgan Stanley CEO Ted Pick on Tuesday

cautioned that the global equity markets could be heading

towards a correction.

"We should welcome the possibility that there would be

drawdowns, 10% to 15%, that are not driven by some sort of macro

cliff effect," he said at the Global Financial Leaders'

Investment Summit in Hong Kong.

(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)