Morgan Stanley is bullish on Japan and India, but cuts China outlook

From Google: 2024-08-22 00:09:01

Morgan Stanley is bullish on Japan and India but has cut its outlook on China. The investment firm remains overweight on Japanese and Indian stocks, citing strong growth potential. However, it has reduced its forecast for Chinese stocks due to concerns about economic growth and trade tensions.

Morgan Stanley is optimistic about Japan’s economy, expecting GDP to grow by 1% in 2022 and 0.7% in 2023. The investment firm is also positive about India’s growth prospects, forecasting GDP growth of 6.4% in 2022 and 6.8% in 2023. However, it has revised down its outlook for China, now expecting GDP growth of 5.3% in 2022.

The investment bank believes that Japanese stocks are attractive due to strong corporate earnings and cheap valuations. It also sees opportunities in Indian equities, driven by strong economic growth and corporate earnings. However, it remains cautious on Chinese stocks, citing concerns about slowing economic growth and regulatory risks.



Read more at Google: Morgan Stanley remains overweight on Japan and India, cuts China outlook further – Investing.com Canada