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Chinese Equities: Why Have Markets Soured on Expectations?
Posted
September 5, 2024
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1:53Now PlayingPrincipal Asset Management Chief Global Strategist Seema Shah says the US election and bipartisan anti-China policy rhetoric is likely to weigh on Chinese equities even though valuations are "already very cheap." A growing chorus of global firms have downgraded their expectations for China’s stock market in the last few weeks - most recently JPMorgan which followed similar moves by former China bulls UBS Wealth Management and Nomura. Principal has held an underweight stance on China since August 2023.
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