China’s Stocks to Provide Positive Returns in 2012, Daiwa Says
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China’s stocks may give positive returns in 2012 after a “volatile” first half of the year, Daiwa Capital Markets said.
“From a market perspective, the 2012 risk/reward outlook is good,” Daiwa analysts led by Mingchun Sun wrote in a report dated today. The MSCI China Index is valued at a 33 percent discount to its long-term average, they wrote.