News Snapshot:
The Shanghai Stock Exchange building. Yves Dean | Getty Images Morgan Stanley is urging investors to be cautious on Chinese stocks , given the country’s recent regulatory crackdown on its internet companies . The investment bank reiterated its call to downgrade Chinese stocks under the MSCI China index to equal weight, which means they are expected to perform equal to other stocks in other emerging markets. That call was first made in January this year. The MSCI China stocks include both A-shares listed on the mainland, and offshore shares listed in Hong Kong. Jonathan Garner, chief Asia and emerging market...
