-- An asset manager at Man Group, the world’s biggest publicly traded hedge fund firm, expects that the July meeting of China’s top leaders will roll out measures aimed at boosting consumption to revive the country’s sluggish stock market.“The market could do extremely well in that environment,” said Andrew Swan, its head of Asia ex-Japan equities and discretionary, based in Australia. He has an overweight exposure to China, anticipating additional stimulus to boost the economy.
Meanwhile, Morgan Stanley and others remain cautious amid earnings downgrades, weak consumer demand, property woes and recent policy disappointments. The fund manager favors the technology sector, expecting artificial intelligence-linked demand to create opportunities for semiconductor companies and hardware devices manufacturers.
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