Morgan Stanley Jonathan Garner: Cautious on EM and China

The video discusses the current state of offshore China markets, highlighting economic momentum and valuation adjustments. It examines the impact of regulatory changes and COVID-19 on China's market, particularly in the property sector. The discussion extends to sector preferences, with a focus on semiconductors and tech, and the risks associated with North Asian markets. Japan's market is analyzed for its structural improvements, while challenges in emerging markets due to the Fed's tapering and a strong US dollar are considered. Opportunities in oil-exporting countries like Russia and Saudi Arabia, as well as Indonesia's market potential, are explored. Finally, India's market valuation and the shift in investor perspectives post-pandemic are discussed.

What are the implications of the Fed's tapering on emerging markets as discussed in the text?

What are the potential growth opportunities in Indonesia's market according to the speaker?

How does the speaker view the current state of the Indian equity market?