EconomyChina stock sell-off could wipe out another 15%, Morgan Stanley says
Global investment banks including Morgan Stanley expect weakness in Chinese stocks to continue, with a quick rebound unlikely after a key benchmark entered bear territory last week. Morgan Stanley estimates onshore and offshore shares could fall another 10% to 15% before bottoming, based on valuations at market troughs since 2008. UBS says sentiment will not recover soon, despite limited room for further declines.
China stock sell-off could wipe out another 15%, Morgan Stanley says
Economy