Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets

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Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets
Andres Manuel Lopez ObradorClaudia SheinbaumChina
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Investment bank Morgan Stanley issued an 'underweight' warning on Mexican shares on Wednesday due to concerns about planned changes to the judiciary and...

LONDON - Investment bank Morgan Stanley issued an "underweight" warning on Mexican shares on Wednesday due to concerns about planned changes to the judiciary and electoral system , and also downgraded forecasts for China 's main markets.

"We downgrade Mexican equities to an underweight stance," the bank's analysts said in a note citing the concerns. The new targets for June 2025 were set at 56 points for MSCI China, compared with 56.7 on Wednesday, 17,000 for the Hang Seng vs 17,391 currently, and 3,500 for the CSI300, which is now at 3,321 points.

Sicily yacht sinking LIVE: Divers 'get closer to cabins' as debris hampers search for Mike Lynch and others NEW YORK, August 21, 2024--The top ten best family beaches in the US and Caribbean have been named in a new study.

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