Morgan Stanley


Prime brokerage cuts could lead to further volatility in Chinese shares

Prime brokerage cuts could lead to further volatility in US-listed Chinese stocks

(ATF) Credit Suisse and Nomura saw their shares slump on Monday March 29, as they disclosed likely losses from exposure to Archegos Capital. If they and other banks cut back exposure to funds via their prime broking divisions there could be further forced sales of widely traded stocks.Credit Suisse shares …

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Xpeng gets $2 billion credit line; EV outlook upbeat amid soaring sales

Xpeng gets $2 billion credit line; EV outlook upbeat amid soaring sales

(ATF) Chinese electric vehicle (EV) maker Xpeng Inc last month signed an agreement with five banks for a 12.8 billion yuan ($2 billion) line of credit that will be used to fund its business operations and help expand its manufacturing, sales and service capabilities.Meanwhile, Morgan Stanley shared an upbeat outlook …

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Trump China delisting impact hits structured products of US banks

Trump China delisting impact hits structured products of US banks

(ATF) Goldman Sachs, JPMorgan and Morgan Stanley are delisting around 500 structured products from Hong Kong, as the impact of the Trump administration’s push to ban US investments in firms with links to China’s military continues to widen. Hong Kong Exchanges and Clearing (HKEX) says its markets remain robust despite …

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Goldman Sachs seeks 100% ownership of China JV

Goldman Sach seeks 100% ownership of China JV

(ATF) Goldman Sachs has applied to take 100% ownership of its Chinese joint venture (JV) and has reached an agreement to buy the 49% of Goldman Sachs Gao Hua Securities that it does not already own. Goldman is the first global bank to apply to take full ownership of a …

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Foreign investors bullish on Indian equities

Foreign investors turn bulls on Indian equities

(ATF) Global equity investors are showing renewed love for Indian stocks.With equities soaring to record highs in recent weeks aided by a massive recovery from the post-Covid-19 lows of March, global brokerage firms have started upgrading Indian markets to overweight on hopes of improving corporate earnings and a sustainable economic …

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China’s Ant IPO suspension bombshell will create aftershocks

China’s Ant IPO suspension bombshell will create aftershocks

(ATF) It was easy to spot short-term losers from China’s rebuke to Jack Ma for his criticism of the country’s financial regulatory framework.The decision to suspend the Ant Group IPO that had been poised to raise up to $37 billion caused a fall in Alibaba’s US-listed share price of over …

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An Indian summer for Wall Street banks

An Indian summer for Wall Street banks

(ATF) For some of the Wall Street banks, 2020 is shaping up to be a heyday for fee income.Some of the major lenders' business in India, according to a Reuters report on Thursday, raked in their second-highest fee income since the global financial crisis in the first nine months of …

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