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Morgan Stanley Says Sell Asian Stock Rally on Iran War Impact
Morgan Stanley is advising investors to sell into the current rally in Asian equities due to concerns over surging energy prices, exacerbated by potential conflicts with Iran. The bank’s strategists, including Jonathan Garner, highlighted that Brent crude is trading near their adverse scenario range of $120 to $130 per barrel. A recent attack on an LNG site in Qatar also raises fears about crucial energy exports to Asia.