UBS Sees Foreign Investors Riding to the Rescue of China Stocks
- Global investors play an increasingly crucial role in A-shares
- Market turnaround may benefit consumer staples, infrastructure
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As President Donald Trump slams tariffs on China and an economic slowdown looms, foreign investors are coming to the rescue of the nation’s ailing stock market. That help could send stocks soaring by year end, said Thomas Dongming Fang, Hong Kong-based Head of China Equities at UBS Group AG.
“I would definitely be a buyer from here,” Fang said in New York after China’s benchmark CSI 300 index sank almost 15 percent this year, making it one of the worst performing stock gauges in the world.