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Morgan Stanley upgrades rating on Taiwan bourse

Morgan Stanley upgrades rating on Taiwan bourse

Taipei, May 24 (CNA) Morgan Stanley has raised its rating on the Taiwan stock market to "equal weight" from "underweight," according to a Bloomberg report.
The report cited a Morgan Stanley research note as saying that the upgrade was based on improving earnings and rosier prospects in Taiwan's technology sector this year.
Morgan Stanley also raised its forecast for the local bourse's weighted index's year-end target from 7,700 points to 8,650 points.
(By Hsu Rui-cheng and Sofia Wu)


Updated : 2021-06-23 06:26 GMT+08:00