The recent rally in Chinese stocks could catch investors out, according to a UBS chief investment officer, who warned of a "pain trade." Although China's economy has slumped in recent months , positive news flow in recent days helped push equities higher. The Chinese government cut stamp duty on stock trading , for example, and U.S. Secretary of Commerce Gina Raimondo arrived in the country on Monday for talks with senior officials .
If it's regulatory laws, if it's stimulus, if it's discussions with the U.S. on the trade war side, and all these aspects are actually adding to positive markets." He added that, if the positive news continues, Chinese markets could climb further. "The more news we [get] in this direction, the more markets can actually go back to levels we've seen at the beginning of the year," Zuercher said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: Reuters - 🏆 2. / 97 Leer más »