Morgan Stanley Upgraded China's Stock Market Target

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      Morgan Stanley on Monday proposed buying Chinese stocks, and the two countries reached a three-month trade truce during the Group of 20 (G20) summit in Argentina over the weekend.
Senior emerging market equity strategists at the bank said the results of the meeting were "better than expected" and could eventually ease tensions.
We "raise the MSCI China Index target from 79 to 82, the Hang Seng Index target from 28,500 to 29,850, the Hang Seng State-owned Enterprise Index target from 11,360 to 12,100, and the Shanghai and Shenzhen 300 Index target from 3,550 to 3,650."


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