Credit Suisse Upgrades Chinese Stocks to 'Overweight'

Reuters2022-03-17

MILAN, March 17 (Reuters) - Swiss bank Credit Suisse has upgraded Chinese stocks to 'overweight' following a recent commitment by the country's policymakers to support the economy.

"We think that Chinese equities offer attractive upside potential, with valuations still depressed. Efforts to contain the current COVID-19 outbreak are likely to have a more limited impact than in 2020 and 2021," the investment committee of the Swiss bank said in a report on Thursday.

Credit Suisse also lifted global stocks to 'tactical overweight' from 'neutral', recommending an increased exposure to U.S. stocks which it expects to be more resilient to any further escalation of the Russia-Ukraine conflict.

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Comments

  • 肥猫的奶酪
    2022-06-16
    肥猫的奶酪
    窩着不動躺槍
  • BIG_GO2021
    2022-05-25
    BIG_GO2021
    歪果仁對中國真的是不瞭解[笑哭] [笑哭] [笑哭] 
  • Yogi1995
    2022-05-25
    Yogi1995
    Maybe in the next few months Chinese stocks will show promising progress that promises to die, we try to buy[Grin] 
  • Upswing118
    2022-03-18
    Upswing118
    Will these upgrades push prices up🤔
  • Bspn
    2022-03-18
    Bspn
    Ok
  • EDWINHLC
    2022-03-18
    EDWINHLC
    [Like] 
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