China Stocks Set For Recovery Post Lockdowns, Credit Suisse Says
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China’s stock market has “some room for recovery” as the Asian nation may begin to ease lockdowns in major cities in the second half of the year, according to Credit Suisse Group AG.
“We are seeing good signs that we could by the end of June be on a path of unwinding lockdowns,” Jack Siu, Greater China chief investment officer at Credit Suisse, said in an interview with Bloomberg Television Friday. The recent market selloff is overdone and a base-case scenario points to a recovery, he said.