Morgan Stanley said that the risk posed by the Fed's hawkish interest rate hike combined with high oil prices is intensifying the impact on Asian and emerging market stock markets, and the possibility of another market correction in the next few weeks is rising. Strategists, including Jonathan Garner, wrote in the research report: “The current market is close to our target in the benchmark scenario. We are not surprised if there is a third pullback this year in the next few weeks.” Morgan Stanley reaffirms the low value of the Australian stock market. The Japanese, South Korean and Taiwanese stock markets are expected to have better profit prospects and be more resistant to falling. “The US economic research team currently expects the Federal Reserve to raise interest rates twice in December and March of the following year, by 25 basis points each time. The federal funds rate terminal target will reach 4.25%-4.5% in the first quarter of 2027.” The US dollar trade-weighted index rebounded above 100 for the first time since late July. “In terms of financial conditions and exchange, this is clearly bad for most emerging Asian markets.”

Morgan Stanley said that the risk posed by the Fed's hawkish interest rate hike combined with high oil prices is intensifying the impact on Asian and emerging market stock markets, and the possibility of another market correction in the next few weeks is rising. Strategists, including Jonathan Garner, wrote in the research report: “The current market is close to our target in the benchmark scenario. We are not surprised if there is a third pullback this year in the next few weeks.” Morgan Stanley reaffirms the low value of the Australian stock market. The Japanese, South Korean and Taiwanese stock markets are expected to have better profit prospects and be more resistant to falling. “The US economic research team currently expects the Federal Reserve to raise interest rates twice in December and March of the following year, by 25 basis points each time. The federal funds rate terminal target will reach 4.25%-4.5% in the first quarter of 2027.” The US dollar trade-weighted index rebounded above 100 for the first time since late July. “In terms of financial conditions and exchange, this is clearly bad for most emerging Asian markets.”