JP Morgan: The China Sell Off is over

30.08.2018 / 23:06

Rating:

Chinese stocks fell far more than the global indexes this year, weighing the trade dispute between the US and the yuan weakness. Haibin Zhu, JP Morgan Capital Markets Manager, commented that MSCI China will jump to 95 points by the end of 2018. This represents a real 14% growth from current levels. "China's economic growth is not as bad as traders have accumulated, and worries about the weaker yuan also have to be reduced as the central bank really wants to stabilize the currency," Zhu said.

Taking into account Trump's last statement that he will need another $200bn. China's import tariffs, the country's indices will give an even better opportunity to buy at a lower price during the Asian session today and in the days to come, until the worries are over.

Source: Bloomberg Finance L.P.

Charts: Used with permission of Bloomberg Finance L.P.

Trader Petar Milanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

JP Morgan: The China Sell Off is over

London

Universal numbers