JPMorgan cuts China stocks to Neutral on 'challenging outlook'

Investing.com -- Analysts at JPMorgan have downgraded their rating of China to"Neutral" from"Overweight" within its coverage of equities in emerging markets and Asia excluding Japan, citing a"challenging outlook."

"Geopolitics will be a relevant risk factor in late 2024, and China equities could see heightened volatility around the upcoming US elections," the analysts wrote. They added the impact of a potential re-escalation in trade tensions between Beijing and Washington may be"more signficant," with tariffs seen increasing from"20% to 60%."

"We expect China’s long-term growth to trend down structurally due to supply chain relocation, the expansion of US-China conflicts, and continued domestic issues," they argued.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

JPMorgan economist says China's housing market crash is still not over yetChina’s troubled housing market could see prolonged softness, as a slew of government stimulus and supportive measures have not been…
La source: nbcchicago - 🏆 545. / 51 Lire la suite »