(Bloomberg) — The coronavirus-wrecked equity markets of China, Singapore and Australia can now provide shelter from the outbreak, according to Morgan Stanley.The investment bank upgraded stocks of the three nations in its model allocation for Asia Pacific and emerging markets on Sunday, citing expectations of further policy stimulus amid the widening public health emergency and cheaper relative valuations.Following the worst week in two years, Asia stocks rebounded on Monday as investors drew optimism from the Bank of Japan, which issued an emergency statement to support market stability. The move came after the Federal Reserve released an unscheduled statement on Friday, …read more
Source:: Yahoo Finance
