In the event of the Fed staying dovish and/or the RMB depreciating further against the USD, Goldman Sachs analysts anticipate that macro flows would stay equity-friendly in the near term. Si Fu and team point out in their August 24 research piece titled “China Musings: The war of liquidity: Who wins, and how to engage?” that MXCN is trading at around mid-cycle levels, and even higher excluding banks. MSCI China rallied 12% since Brexit vote Fu and colleagues note that even though the MSCI China has rallied 12% on a YTD basis since the Brexit vote, China remains a laggard versus EM and…
Chinese Stocks A Big Brexit Winner So Far
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
Comments are closed.