Morgan Stanley upgrades China equities (MSCI China) to overweight

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Morgan Stanley upgrades China equities (MSCI China) to overweight

<p>The news that Morgan Stanley has switched to bullish on China stocks for the first time in 2 years is all over the place today. </p><ul><li>Multiple positive developments alongside a clear path set toward reopening warrant an upgrade</li><li>We are at the beginning of a multi-quarter recovery in earnings revisions and valuations</li></ul><p>MS have upgraded their MSCI China to overweight (previously qual weighted)</p><ul><li>Say RoE is likely to gain to 11.1% by the end of 2023</li></ul><p>---</p><p>ps. The MSCI China Indexes consist of a range of indexes for the Chinese markets, intended for both domestic and international investors.</p><p>A good way to wrap up the Year of the Tiger!</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Morgan Stanley upgrades China equities (MSCI China) to overweight

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