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.
"Asset allocation away from emerging markets was in part because Japan was back and that yen weakness is a positive catalyst."
- Jonathan Garner on Oct 02, 2014