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UBS Wealth Mgmt: Higher Odds of Pragmatic Deal in Tech Sector from Xi-Trump Summit
Recommend 42 Positive 53 Negative 33 |
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Chinese President Xi Jinping held talks at the Great Hall of the People in Beijing with US President Donald Trump, who is on a state visit to China. UBS Global Wealth Management CIO Office did not expect a comprehensive reset in US-China relations, but believed the likelihood of reaching pragmatic agreements in certain areas, particularly in the technology sector, is increasing. UBS continued to view Chinese equities as attractive overall, with a particular preference for the technology sector. It was also constructive on power and equipment, healthcare, and selected income-oriented sectors. Market expectations were relatively low ahead of the Xi-Trump meeting, and whether the summit outcomes can serve as a strong market catalyst remains to be seen, the report said. AASTOCKS Financial News |
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