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Buy China consumer stocks, Bank of America tells its clients

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Buy China consumer stocks, Bank of America tells its clients

Investing.com -- Bank of America told its clients to buy Chinese consumer stocks as the world’s second-biggest economy continues to roll out stimulus measures targeting households.

Cash funds experienced their largest outflow in 12 weeks, with $17.4 billion leaving money market funds. Emerging market equities, however, saw a significant reversal with a $4.2 billion outflow, marking the largest exit since October 2023. China itself recorded the biggest outflow since July 2015 at $4.1 billion, following a record inflow of $39.2 billion the previous week.

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