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M Stanley Advises Investors to Sell Asian Stock Rally, Fears Oil Price Hikes to Cause Impact
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Morgan Stanley released a research report advising investors to sell their stocks amid this week’s rally in Asian equities, and warning that the market could see deeper declines as energy prices surge. Brent oil futures prices have approached the US$120–130 per barrel range projected under the 'adverse scenario,' and that Asia is more vulnerable to disruptions in oil and LNG supplies than other regions, the report added. Under the 'adverse scenario', the Asian market is expected to enter a bear market, falling another 15-20% from current levels. AAStocks Financial News Website: www.aastocks.com |
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