According to Credit Suisse, Chinese stocks are likely to remain under pressure this year after falling sharply for 17 months on Thursday, and the bond market in the country is able to maintain high liquidity and yield.
According to the bank, investors are more likely to take profits than to invest. Despite the expected decline, Credit Suisse is bullish toward technology, manufacturing and insurance stocks, compared to cyclical companies that will be more affected by high bond yields.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Bloomberg: China's Market Correction May Last, While Credit Suisse Says
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