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Morgan Stanley Says Trade Risk May Sink Asian Tech Stocks by 20%
Investors should take profit in Asian technology stocks amid trade-related risks, elevated valuations and lack of earnings upside, according to Morgan Stanley.
Investors should take profit in Asian technology stocks amid trade-related risks, elevated valuations and lack of earnings upside, according to Morgan Stanley. The sector has around 20% near-term downside should tariffs increase on computer chips and trade tensions re-escalate, analysts including Shawn Kim wrote in a note. What’s more, they think current consensus earnings estimates are too high.
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