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M Stanley Estimates Trade-Related Risks May Lead to 20% Downside Among Asian Techs in ST
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Due to trade-related risks, high valuations, and limited earnings growth potential, investors should cut their investment in Asian tech stocks and take profits, Bloomberg reported, citing a report from Morgan Stanley. In Morgan Stanley's estimate, if additional tariffs are laid on computer chips and trade tensions escalate again, Asian tech stocks may face about a 20% downside in the short term. In addition, current market earnings forecasts for Asian tech stocks are generally too high. AAStocks Financial News |
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