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Musk highlights significant impact of auto tariffs on Tesla's operations
Elon Musk, CEO of Tesla, stated that the impact of U.S. President Donald Trump's auto tariffs on the company is "significant." He emphasized that Tesla is not immune to the effects of these tariffs, highlighting the challenges the automaker faces in the current trade environment.
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.
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