Nomura Turns Bullish on China's Stocks After Trade Truce With US
Nomura Holdings Inc. strategists upgraded Chinese stocks to a 'tactical overweight,' saying the trade truce between the US and China is a significant positive for the Asian nation's equities.
The agreement to temporarily lower tariffs 'came as a significant surprise for markets, and will likely support risk positivity in the near term,' strategists led by Chetan Seth wrote in a note Tuesday. That would extend a relief rally seen in Chinese stocks in the past month, they added.
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