Tag: Chinese stocks

Morgan Stanley cut its rating on Chinese stocks to equal weight Wednesday, saying investors should capitalise on a rally spurred by government stimulus pledges to take profits.Chinese assets have gotten a boost in recent days amid a slew of promises from Beijing to spur growth and revitalise the nation’s flagging private sector. But easing measures are likely to come piecemeal, analysts at the bank wrote in a report, which may not be enough for shares to sustain gains.What’s more, market sentiment is refocusing on the country’s structural challenges,...