Morgan Stanley stated in its latest report that Asian tech stocks may face a 20% downside risk in the short term due to factors such as increased tariffs, trade tensions, and overvaluation. The report advises investors to take profits as soon as possible. Furthermore, the report also indicates that they are optimistic about the domestic semiconductor industry in China, as it has a larger proportion of domestic sales and is less affected by tariff measures. (Previous summary: How big is the US trade deficit? Is it really an economic poison? The political calculation behind Trump's global tariff war) (Background information: Trump's 2.0 tariff war begins! From 2/1, increased taxes on Mexico and Canada, US stocks close in the red, BTC falls below $102,000) President Trump originally planned to impose a 25% tariff on imported goods from Mexico and Canada starting from February 4th, and a 10% tariff on imported goods from China, which shocked the global financial markets. Fortunately, after coordination, the US announced this morning that it would temporarily postpone tariffs on Canada and Mexico, which caused BTC to rebound above $100,000. However, the tariffs on China proceeded as planned, and the Chinese government retaliated. According to an announcement by the Chinese Ministry of Finance, starting from February 10th, a 10-15% tariff will be imposed on some US products, causing market concerns that the US-China trade war will reignite. Read more: Trump postpones Mexico and Canada tariffs for 30 days, BTC surges to $102,000! China bows down, makes three promises to invest in the US. Asian tech stocks may face a 20% decline In the background of Trump igniting the global tariff war risk, Bloomberg reported that analysts at Morgan Stanley recommend that market investors immediately take profits from Asian tech stocks due to regional trade risks, overvaluation, and limited upside potential. In recent years, there has been a global AI frenzy, and many Asian tech stocks have benefited from it. Taiwan, in particular, has achieved remarkable results in this AI wave, with TSMC, the leading semiconductor manufacturer, accounting for 64.9% of global wafer fabrication capacity, making it an undeniable presence in the global AI boom. Although Morgan Stanley did not explicitly point out which companies will be affected, analysts Shawn Kim and others stated in the report that the market is overly optimistic about the profits in this sector, and if tariffs are increased and trade tensions intensify, the industry may face a 20% downside risk in the short term: Short-term decline in exposure to tech stocks and hedging of assets in the industry. On the other hand, Trump has previously stated multiple times that he will impose additional tariffs on foreign-produced computer chips and semiconductors. In response, Morgan Stanley analysts pointed out that the sector is expected to follow a downward trend similar to the US-China trade war in 2018. According to the investigation, the US-China trade war officially began on January 22, 2018, and temporarily ceased in December 2018. During this period, the Taiwan Stock Exchange Weighted Index fell from a high of 11,270 to 9,400, a decrease of 15.6%. Morgan Stanley: Bullish on China's domestic semiconductor industry, not global semiconductors. On the other hand, although the Morgan Stanley report is not optimistic about global semiconductor stocks, its analysts expressed their optimism about China's domestic semiconductor industry: We are more bullish on internet and domestic semiconductor stocks in China rather than global semiconductor stocks. The report believes that the Chinese semiconductor industry will benefit from the trade tensions due to its higher proportion of domestic sales. Related reports: Trump signs executive order to promote the US's first sovereign wealth fund, paving the way for BTC reserves? How big is the US trade deficit? Is it really an economic poison? The political calculation behind Trump's global tariff war. Trump's son says it's time to add to Ethereum, but it was revealed that WLFI transferred $300 million in assets to the exchange for 'Pump and Dump'? <Morgan Stanley: Tariff war may cause a 20% decline in TSMC and other tech stocks, advises taking profits first> This article was first published on BlockTempo, the most influential blockchain news media in the dynamic region.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
大摩: Ticaret savaşının TSMC ve diğer teknoloji hisselerini %20 düşürebileceği ve karınızı önceden almanızı öneriyor.
Morgan Stanley stated in its latest report that Asian tech stocks may face a 20% downside risk in the short term due to factors such as increased tariffs, trade tensions, and overvaluation. The report advises investors to take profits as soon as possible. Furthermore, the report also indicates that they are optimistic about the domestic semiconductor industry in China, as it has a larger proportion of domestic sales and is less affected by tariff measures. (Previous summary: How big is the US trade deficit? Is it really an economic poison? The political calculation behind Trump's global tariff war) (Background information: Trump's 2.0 tariff war begins! From 2/1, increased taxes on Mexico and Canada, US stocks close in the red, BTC falls below $102,000) President Trump originally planned to impose a 25% tariff on imported goods from Mexico and Canada starting from February 4th, and a 10% tariff on imported goods from China, which shocked the global financial markets. Fortunately, after coordination, the US announced this morning that it would temporarily postpone tariffs on Canada and Mexico, which caused BTC to rebound above $100,000. However, the tariffs on China proceeded as planned, and the Chinese government retaliated. According to an announcement by the Chinese Ministry of Finance, starting from February 10th, a 10-15% tariff will be imposed on some US products, causing market concerns that the US-China trade war will reignite. Read more: Trump postpones Mexico and Canada tariffs for 30 days, BTC surges to $102,000! China bows down, makes three promises to invest in the US. Asian tech stocks may face a 20% decline In the background of Trump igniting the global tariff war risk, Bloomberg reported that analysts at Morgan Stanley recommend that market investors immediately take profits from Asian tech stocks due to regional trade risks, overvaluation, and limited upside potential. In recent years, there has been a global AI frenzy, and many Asian tech stocks have benefited from it. Taiwan, in particular, has achieved remarkable results in this AI wave, with TSMC, the leading semiconductor manufacturer, accounting for 64.9% of global wafer fabrication capacity, making it an undeniable presence in the global AI boom. Although Morgan Stanley did not explicitly point out which companies will be affected, analysts Shawn Kim and others stated in the report that the market is overly optimistic about the profits in this sector, and if tariffs are increased and trade tensions intensify, the industry may face a 20% downside risk in the short term: Short-term decline in exposure to tech stocks and hedging of assets in the industry. On the other hand, Trump has previously stated multiple times that he will impose additional tariffs on foreign-produced computer chips and semiconductors. In response, Morgan Stanley analysts pointed out that the sector is expected to follow a downward trend similar to the US-China trade war in 2018. According to the investigation, the US-China trade war officially began on January 22, 2018, and temporarily ceased in December 2018. During this period, the Taiwan Stock Exchange Weighted Index fell from a high of 11,270 to 9,400, a decrease of 15.6%. Morgan Stanley: Bullish on China's domestic semiconductor industry, not global semiconductors. On the other hand, although the Morgan Stanley report is not optimistic about global semiconductor stocks, its analysts expressed their optimism about China's domestic semiconductor industry: We are more bullish on internet and domestic semiconductor stocks in China rather than global semiconductor stocks. The report believes that the Chinese semiconductor industry will benefit from the trade tensions due to its higher proportion of domestic sales. Related reports: Trump signs executive order to promote the US's first sovereign wealth fund, paving the way for BTC reserves? How big is the US trade deficit? Is it really an economic poison? The political calculation behind Trump's global tariff war. Trump's son says it's time to add to Ethereum, but it was revealed that WLFI transferred $300 million in assets to the exchange for 'Pump and Dump'? <Morgan Stanley: Tariff war may cause a 20% decline in TSMC and other tech stocks, advises taking profits first> This article was first published on BlockTempo, the most influential blockchain news media in the dynamic region.