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Abrdn’s Hugh Young Says ‘Inclined’ to Put Fresh Cash Into China

  • Valuations are reasonable post declines in China stocks: Young
  • China tech shares trading at utility-like valuations, he says
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abrdn; 'Underweight' Korea, Taiwan Stocks; 'Long' China

Chinese shares look to be the best home for fresh money in Asia amid a tough investment environment, according to abrdn plc’s regional chairman Hugh Young.

“We are inclined to put more money into China again, depends on the portfolio,” Young said in an interview, adding that the firm has an underweight position in the country’s shares. “It’s very hard to be super bullish about anything at the moment” but valuations in China are reasonable and the investing landscape could improve, he said.