The investment bank upgraded stocks of the three nations in its model allocation for Asia Pacific and emerging markets on Sunday, citing expectations of further policy stimulus amid the widening public health emergency and cheaper relative valuations.
"We move to overweight on China and Singapore, equal-weight on Australia for relative resilience, ” strategists including Jonathan Garner wrote in a note dated Sunday. The bank is"boosting positions for defence/quality and incrementally for stimulus beneficiaries, ” according to the note. The virus outbreak will deepen the downturn in economic growth and drive stronger policy reaction, Morgan Stanley wrote in the note. Governments and central banks will either remain accommodative or come out with more stimulus measures if the disruption caused by the virus extends into the second or third quarter of this year, it added.
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Morgan Stanley picks China, Singapore stocks as virus sheltersInvestment bank cites expectations of further policy stimulus amid outbreak. FMTNews Singapore اللهم اغفر لي، وارحمني، وعافني، وارزقني، فإن هؤلاء تجمع لك دنياك وآخرتك O Allah! Forgive me, have mercy on me, protect me and provide me with sustenance).' Surely, this supplication is better for you in this life and in the Hereafter.'
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Morgan Stanley picks China, Singapore stocks as virus sheltersInvestment bank cites expectations of further policy stimulus amid outbreak. FMTNews Singapore اللهم اغفر لي، وارحمني، وعافني، وارزقني، فإن هؤلاء تجمع لك دنياك وآخرتك O Allah! Forgive me, have mercy on me, protect me and provide me with sustenance).' Surely, this supplication is better for you in this life and in the Hereafter.'
Source: fmtoday - 🏆 5. / 72 Read more »