Reported 1 day ago
Morgan Stanley has changed its bearish stance on Chinese stocks, predicting a sustainable rally driven by advancements in artificial intelligence. The firm now recommends an equal-weight position on the asset class, raising its target for the MSCI China Index by 22% to 77 by the end of 2025. This shift signifies a potential change in global investors' perspectives towards Chinese equities, especially as tech stocks gain favor following recent breakthroughs and supportive government sentiments.
Source: YAHOO