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| HSCEI1 | 8,080.54 | +23.69 | 83.92B |
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2025-04-23 12:19:33 According to a report from JPMorgan on the Chinese market strategy, the MSCI China Index/ CSI 300 Index saw a moderate rebound of 1.6%/ 0.6% last week, thanks to continuous "national team" buying and market expectations for new easing policies. The rebound has spanned multiple sectors, with the exception of information technology. Two defensive sectors (communications/ energy) and the policy optionality (real estate) delivered a mild outperformance. In its strategy outlook for China’s stock market in 2Q25, JPMorgan expected the market to "step back" in early April due to US policy actions. As mentioned last week, the worst phase of re-escalated trade tensions may have passed. The market’s focus will shift to US-China negotiations and China’s own policies. The internet sector remained JPMorgan's top pick for "buying the bounce", though US financial restrictions may limit related valuation re-rating. The broker was still upbeat about stocks with high dividend yield and sectors with policy flexibility, namely state-owned banks, Chinese real estate, energy, and utilities. ~ AAStocks Financial News Web Site: www.aastocks.com | |