US-Iran war: Global brokerage Morgan Stanley has turned cautious on Asian equities, including India, amid concerns that the conflict in the Middle East could disrupt supply chains if oil flows through the Strait of Hormuz fail to recover. The brokerage sees India as the most exposed to potential Qatari liquefied natural gas supply disruptions, therefore downgrading it to equal-weight in their latest reshuffle. “We stay defensive,” Morgan Stanley strategists, including Daniel Blake and Jonathan Garner, wrote in a note dated March 5, according to a Bloomberg report. In their latest note, Morgan Stanley strategists downgraded the United Arab Emirates to equal-weight from overweight, while upgrading Taiwan and Saudi Arabia to equal-weight from underweight. In recent months, Morgan Stanley has also added resource-themed stocks to its recommended list, citing rising prices of copper and other physical assets.

Source: Mint March 06, 2026 11:36 UTC