Morgan Stanley updates its Asia EM equity strategy following news of an interim US-Iran agreement to reopen the Strait of Hormuz. The firm maintains its overweight stance on several sectors including Energy and Semiconductors.
Key Takeaways
- 1.An interim agreement between the US and Iran to re-open the Strait of Hormuz has been reported.
- 2.The report reaffirms base case targets of 1800 for MSCI EM and 4300 for Topix.
- 3.Continued preference for overweight positions in Semis/Memory, Energy, Industrials/Cap Goods, and Materials.
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Authors
Jonathan F GarnerDaniel K BlakeKristal Ji
Securities
MSCI EMTPX
Themes
Geopolitical impact on energy markets
Regions
Asia PacificUnited StatesIran