Morgan Stanley downgrades Australian stock rating to hold

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Jinshi data, March 13 news, Morgan Stanley downgraded Australian stocks to underweight, citing the market's potential underperformance due to high valuations and trading risks. At the same time, it maintained underweight ratings for the South Korean and New Zealand stock markets. Strategist Daniel K. Blake wrote in a report that all these markets are relatively exposed to the United States, and it is expected that tariffs and fiscal austerity will drag on economic rise. With the help of reflation and corporate reform, Morgan Stanley prefers the Nikkei 225 Index in Japan (especially when not hedging the US dollar), but avoids stocks sensitive to the yen. Morgan Stanley raised its rating on Turkish stocks to overweight and upgraded its rating on Brazilian stocks to equal weight.

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