China Stocks May Rise Even Without a Trade Deal, Aberdeen Standard Says
- Kaloo says upward move possible even without U.S. trade deal
- Aberdeen sees measures being announced at plenum next month
This article is for subscribers only.
Chinese stocks can extend this year’s winning run even in the absence of a trade deal between the world’s biggest economies, due to the huge toolkit available to policymakers, according to Aberdeen Standard Investments’ head of equities.
“We’re still pretty positive about the China A-share market in particular,” Devan Kaloo, whose firm manages about $643 billion, told Bloomberg TV in Sydney. “China has the ability to policy respond to the world’s troubles and as a consequence of that we’re expecting improved liquidity, increased stimulus and that’s actually supporting the market. So we think it could still go higher from here.”