摩根士丹利：市场思考_美国大选_亚洲展望

Investment Rating - The report does not provide a specific investment rating for the industry or companies discussed [6]. Core Insights - The upcoming U.S. elections are expected to have significant implications for economic policies in Asia, as discussed by the Global Head of Fixed Income and Thematic Research and the Chief Asia Economist [1]. Summary by Sections Stock Ratings - Morgan Stanley employs a relative rating system with categories such as Overweight, Equal-weight, Not-Rated, and Underweight, which reflect the expected performance of stocks relative to their industry peers over the next 12-18 months [6][7]. - As of September 30, 2024, the distribution of stock ratings includes 38% Overweight, 46% Equal-weight, and 16% Underweight across a coverage universe of 3,740 stocks [6]. Analyst Industry Views - Analysts categorize their industry outlooks as Attractive, In-Line, or Cautious, indicating their expectations for performance relative to market benchmarks over the next 12-18 months [8].