Morgan Stanley predicts further decline in Asian stock markets and advises selling on rallies.

Morgan Stanley says that due to the soaring oil prices and growing concerns about stagflation, Asian stock markets will further decline. "We recommend selling Asian stocks this week while they are rising," analysts Jonathan Garner wrote, "In unfavorable conditions, we expect the Asian markets to fall to our pessimistic scenario target, which is 15-20% lower than current levels." Strategists say that the Brent price on Thursday was $111 per barrel and is moving towards the target range of $120-130 in adverse conditions. Other factors include the Federal Reserve deciding to keep interest rates unchanged due to potential stagflation in the macroeconomic situation, and the attack on Qatar's Ras Laffan liquefied natural gas facility, which is crucial for Asian LNG exports. Morgan Stanley says that compared to other regions, Asia is more vulnerable to disruptions in the continuous supply of oil, liquefied natural gas, and other agricultural and industrial inputs.