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Apple and 10 other stocks tied to China supply chains are at risk, but 7 others may benefit, says Morgan Stanley

Need to Know Last Updated: May 2, 2023 at 7:55 a.m. ET First Published: May 2, 2023 at 6:52 a.m. ET Critical information for the U.S. trading day Customers test newly-launched iPhone 13 mobile phones at an Apple store in Hangzhou, in China’s eastern Zhejiang province on September 24, 2021. str/Agence France-Presse/Getty Images Investors are
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apple-and-10-other-stocks-tied-to-china-supply-chains-are-at-risk,-but-7-others-may-benefit,-says-morgan-stanley

Need to Know

Critical information for the U.S. trading day

Customers test newly-launched iPhone 13 mobile phones at an Apple store in Hangzhou, in China’s eastern Zhejiang province on September 24, 2021.

str/Agence France-Presse/Getty Images

Investors are cooling their heels with a Fed decision one day away. Markets are largely counting on a one-and-done playbook, but note the curveball we got from Down Under where the Aussie central bank delivered a rate-hike shocker.

Shifting gears, our call of the day from Morgan Stanley warns of hurdles to come for tech companies such as Apple AAPL, and rewards for others amid shifting global supply chains.

As…

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