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BlackRock cut Chinese equities to neutral from overweight - China property sector a drag

Via the latest note from BlackRock Investment Institute, which covers a wise scope, this on China and Chinese shares. I've bolded the more encouraging bit:We ... cut emerging market (EM) stocks, including Chinese equities, to neutral from overweight as China’s property sector remains a drag even with growth showing signs of stabilizingThat's about for the good China news in the note though. More:China’s restart is losing steam and we don’t see valuations compelling enough to turn overweightsee o...
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Posted: Sep 18 2023, 21:13
Author Name: forexlive
Views: 091145