China's stocks have been trounced, but the trade war may ultimately be good news for them [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
China's stocks have been trounced, but the trade war may ultimately be good news for those shares Amid trade tensions, Chinese mainland stocks are down almost 30 percent since their peak in January. Despite that fall, the market is still an attractive medium-term buy, according to a top asset management firm. “We think that on a medium- to long-term horizon, the A-share market looks attractive, and we are looking for entry points,” Amundi Asset Management analysts wrote in a note on Monday, referring to stocks traded on the mainland. The best opportunities are in domestic and consumption-driven stocks, they said. Bank and property shares are also potential steals, the note added. “We like home appliances, education, pharma and beverages sectors which are not directly influenced by the risk of an escalating trade war. The Chinese Government has already started to implement some measures to help household consumption and you can expect more of the same. However, we think any further mo
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