Worst Plunge in Year for China Stocks is Time to Buy, HSBC Says
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The worst plunge in China’s stocks in more than a year is a buying opportunity for investors as the country’s benchmark index may advance as much as 15 percent by June, according to HSBC Private Bank’s Arjuna Mahendran.
“The medium-term outlook is good,” said Mahendran, the head of investment strategy for Asia in Singapore at HSBC Private Bank, a unit of Europe’s largest lender overseeing $460 billion globally. “The momentum of the economy is strong. The question is whether it’s too strong.”