Fund managers are sticking to their positions ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, saying they don’t expect much progress to be made.
A common view among China investors: there’s little chance the two leaders will suddenly reach an agreement and resolve a trade dispute that has weighed on markets over the past year. Most are keeping an emphasis on domestic-focused defensive stocks, though much potential downside is already priced in, while foreign-exchange traders expect a slight weakening in the yuan.
