0145 GMT — Chinese shares are broadly higher in early trade. Morgan Stanley analysts reckon that hurdles to a sustainable China equity market recovery are still high due to pressure on corporate fundamentals, further currency weakening and uncertainty on the liquidity front, as well as concerns over policy direction and continuity. Software and consumer services stocks are leading the gains. Beijing Kingsoft Office Software rises 1.1% and iFlytek gains 1.9% while China Tourism Group Duty Free Corp. adds 1.0%. The benchmark Shanghai Composite Index is down 0.1% to 3035.67 after opening higher, while the Shenzhen Composite Index is up 0.25% and the tech-heavy ChiNext Price Index is 0.3% higher. ([email protected])