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After China’s Politburo pledges to support to the economy and the property market, there is a need for immediate and practical policies, especially measures targeting the real estate sector, to sustain the stock market’s rebound momentum, Morgan Stanley said in a note on Wednesday.
Otherwise, the market’s optimism may subside as investor confidence remains fragile, it said.
Details of the policies addressing long-term structural challenges need to be finalized in the next few months, while geopolitical uncertainty needs to be stabilized, both of which are keys to a sustained stock market recovery, it said.