Morgan Stanley

Trade war may derail corporate earnings recovery in China, Morgan Stanley says

11 Apr 2025 - 4:21PM

China’s exporters on edge as trade war casts shadow over Canton Fair

China’s oldest and largest trade fair unlikely to be a bonanza as exporters prepare for lean times amid tariff-induced uncertainty.

11 Apr 2025 - 11:00AMvideocam

This spring’s Canton Fair, though slated to host more companies than last fall’s session, is shrouded in uncertainty amid the US-China trade war. Photo: Xinhua

Hang Seng Index trims some losses in worst week in years amid trade war

Traders are bracing for more trade hostility after the White House clarified that US tariffs on Chinese goods stood at 145 per cent.

11 Apr 2025 - 5:57PMvideocam

China’s retaliatory tariffs on US show Beijing has adapted since 2018: analysts

But global supply chains could face ‘significant damage’ that no country is fully protected against, the more a trade war drags out and intensifies.

7 Apr 2025 - 11:10PMvideocam

China’s ‘national team’ intervenes to stabilise markets after Beijing’s pledge of support

The move comes after Communist Party newspaper suggested Beijing has policy tools ready to counter the fallout from a US trade war.

7 Apr 2025 - 5:10PMvideocam

China has moved quickly to stabilise its markets in the wake of steep tariff increases from the US. Photo: EPA-EFE

Hong Kong property

Hong Kong’s office segment to see faster turnaround than retail: Morgan Stanley

‘We think the Hong Kong office market is not structurally impaired,’ Morgan Stanley’s Praveen Choudhary says.

7 Apr 2025 - 9:30AM

United States

US market extends drop as strong jobs report fails to soothe tariff fears

The S&P 500 Index and Nasdaq 100 Index futures sank as China imposed a 34 per cent tariff on all American imports.

4 Apr 2025 - 9:59PMvideocam

Chinese stocks’ rally risks unravelling as Trump’s reciprocal tariff kicks in

Best strategy is to bet on plays that would benefit from new stimulus policies China is likely to announce, analyst says.

4 Apr 2025 - 10:37AMvideocam

Hong Kong’s Hang Seng Index slumped 1.5 per cent to close at a six-week low on Thursday. Photo: AFP

Explainer | After Trump’s ‘Liberation Day’, what’s China’s effective tariff rate?

With US ‘reciprocal tariffs’, taxes on Chinese goods have climbed even further – with some analysts predicting an effective rate of ‘almost 70 per cent’.

3 Apr 2025 - 1:15PMvideocam

US President Donald Trump has rolled out a slew of “reciprocal tariffs” that will have a profound effect on global trade. Photo: EPA-EFE

Hong Kong property

Rich buyers keep scoring Hong Kong luxury homes at stunning discounts

Plum properties sell for songs, but bargains may not last as demand for upscale homes is up 50 per cent from last year, agents say.

31 Mar 2025 - 9:33AM

Stephen Roach says trade war puts US on course for ‘cultural revolution’

The Yale economist lamented the path his country is taking under US President Donald Trump during a panel discussion at the Boao Forum.

27 Mar 2025 - 10:16PMvideocam

114

‘China is back’ as Goldman, Morgan Stanley whet global appetite for equities

Morgan Stanley raised its year-end index targets for MSCI China and Hang Seng by more than 7 per cent on improved outlook for earnings and valuations.

27 Mar 2025 - 11:45AMvideocam

People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE

China GDP

What tariffs? Another China GDP forecast rises on fast start, capital outlays

Morgan Stanley joins others in growing more bullish on China’s economy for the year, but US tariffs seen biting amid ‘supply-chain rewiring’.

24 Mar 2025 - 4:00PMvideocam

Engineers debug a humanoid robot at a technology company in China’s Hubei province last month. Beijing is hanging some hopes for GDP growth on technological advancements. Photo: Xinhua

Donald Trump

Trump declines to rule out a 2025 US recession

Trump’s tariff threats against China, Canada and Mexico have left US financial markets in turmoil and consumers unsure of future.

10 Mar 2025 - 9:22AMvideocam

Robotics

China’s robotics start-ups emerge as new venture-capital darlings

In the first two months of the year, US$276 million in new funding was raised by China’s humanoid robot developers across 20 deals.

8 Mar 2025 - 9:00AMvideocam

Biomedicine: Companies

WuXi AppTec, WuXi Biologics surge on slimmer chances of Biosecure Act’s passage

The bill’s absence from the proposed amendments to the US National Defence Authorisation Act comes as a reprieve for the two biotech firms.

9 Dec 2024 - 2:40PM

WuXi AppTec says it provides US lawmakers and federal agencies with information about the services it provides to customers in the US and around the world. Photo: Shutterstock

Autonomous vehicles

Chinese self-driving firm WeRide seeks up to US$440 million in US IPO, placement

A group of investors agreed to buy US$320.5 million worth of WeRide’s ordinary shares via private placements.

10 Aug 2024 - 11:26AMvideocam

E-commerce

Shein, fast-fashion giant founded in China, said to be filing London IPO

The company, which runs a large sourcing centre in southern China, reportedly will file a confidential prospectus in the coming days.

4 Jun 2024 - 8:21PM

Artificial intelligence

Wall Street hunts for next wave of AI winners beyond the US

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options.

7 Apr 2024 - 11:20PMvideocam

Some of the world’s biggest money managers are hunting for the next wave of artificial intelligence winners in emerging markets for better value and a bigger pool of options. Image: Shutterstock

China’s ‘broker butcher’ regulator to nurture mainland investment banks

The CSRC under Wu Qing will aim to develop 10 first-class brokerages including two or three that can compete with top global names like Goldman Sachs and Morgan Stanley by 2035.

19 Mar 2024 - 7:13PM

Pedestrians touch the Bund Bull in Shanghai on February 19, 2024. Photo: Bloomberg

Banking & finance

Morgan Stanley to cut several hundred jobs in wealth unit

The cuts will affect less than 1 per cent of employees in the wealth-management business, according to a source.

15 Feb 2024 - 10:08AM

Hong Kong society

Morgan Stanley racks up another record for Operation Santa Claus in Hong Kong

Over its 27-year partnership with OSC, Morgan Stanley has donated nearly HK$60 million, benefiting more than 310 charity projects.

22 Dec 2023 - 12:00PM

Chinese stocks to rise 6-8% in next 12 months on policy pivot: Morgan Stanley

China’s stocks will probably notch up mild gains in 2024, as policymakers’ efforts to spur growth will be partially offset by long-term structural challenges, particularly around debt and deflation, according to Morgan Stanley.

13 Nov 2023 - 5:01PM

The Bund Bull in Shanghai, China. Photo:Bloomberg

Banking & finance

Ex-Morgan Stanley bankers win coveted role on IPO of Alibaba unit Cainiao

Ampere Partners, a boutique Hong Kong-based firm founded by former Morgan Stanley deal makers Crawford Jamieson and Daniel Wetstein, will act as financial adviser on the deal, which could raise US$1 billion.

27 Sep 2023 - 3:58PM

Morgan Stanley warns China stock investors that policy support may disappoint

The investment bank cuts its recommendation on the MSCI China Index to equal weight from overweight for the first time since December as a ‘lack of quick follow-through of actionable easing measures could lead to a retreat’.

3 Aug 2023 - 2:37PM