Morgan Stanley, previously the most bullish brokerage on Japanese stocks, says the Topix Index will fall about 10 percent as investors await corporate earnings and progress on promised economic reforms.
Morgan Stanley is “very concerned” about India’s stock market because the nation is a major oil importer, Jonathan Garner, chief Asia and emerging-market strategist for Morgan Stanley, said.
Emerging-market equities are poised to extend their outperformance against developed-nation stocks amid higher corporate profits, according to Morgan Stanley.
"We're looking for A-H stock price convergence."
- Jonathan Garner on Aug 11, 2014