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Morgan Stanley raises Chinese stock targets amid earnings and economic optimism
Morgan Stanley has raised its targets for Chinese stocks for the second time this year, driven by improved earnings growth forecasts and a more optimistic economic outlook. The MSCI China Index has risen about 16% this year, fueled by investor optimism in generative AI and government stimulus measures. The firm also increased its 2025 economic growth forecast for China to 4.5% and revised its yuan predictions, emphasizing the importance of currency strength for foreign investment in Chinese equities.
trump sec nominee reveals family fortune exceeding 328 million dollars
Paul Atkins, nominated by President Trump to lead the U.S. Securities and Exchange Commission, disclosed personal assets exceeding $328 million, with potential total family assets surpassing $588.8 million. Facing Senate confirmation, concerns arise over conflicts of interest due to his extensive financial background and ties to firms involved in SEC enforcement actions. Atkins has pledged to divest from his consultancy and comply with ethics regulations during his term.
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