Chinese stocks that can recover on Iran ceasefire
(CNBC): Ceasefire in Iran war prompts Asia stock re-engagement opportunity.
Summary: Morgan Stanley’s equity strategists foresee a potential de-escalation of geopolitical tensions following a ceasefire in the Iran war. They anticipate investors returning to AI supply chain themes and see upside for China stocks amidst uncertainties. The mainland China CSI 300 and Hang Seng Index saw gains after news of a ceasefire. Strategists identified potential stock opportunities in companies with significant revenue from the Middle East that fell in value. China’s industrial and renewable energy sectors are expected to attract investor attention, with a focus on energy storage solutions. China’s factory prices rose in March, but consumer prices remained soft. March trade data and first-quarter GDP are awaited.
