UBS: Should the Downturn Worsen, Investors Are Anticipated to Purchase Chinese Stocks at Lower Prices
1 week ago / Read about 0 minute
Author:小编   

UBS has indicated that in the event the MSCI China Index declines to 74 points, it will encounter robust support, prompting investors to potentially buy stocks during dips. Wang Zonghao, the Head of China Strategy at UBS, highlighted in a report that considering the MSCI China Index has surged by 36% from its nadir following the intensification of the tariff war in April, there could be short-term profit-taking activities. Nevertheless, it is projected that a greater number of investors will seize the opportunity to buy stocks at lower prices, and the index is likely to receive solid support around the 74-point mark. UBS also pointed out that sectors which underperformed during the April sell-off but later rebounded, including data centers, the internet sector, technology hardware, automobiles and their components, as well as biotechnology, may experience heightened selling pressure this time around.