China Bulls Say July’s Slide Is a Blip as Worst Over for Stocks
- Fidelity, GAM say China equities may outperform in second half
- Earnings estimates for China, Hong Kong stocks are on the rise
Outside the Shenzhen Stock Exchange building in Shenzhen.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Some global money managers betting on China stocks are taking July’s selloff in their stride, keeping the faith that Beijing will pull out all the stops to boost the economy.
Fidelity International Ltd., abrdn plc and GAM Investment Management are among those expecting China to outperform global equities in the second half as recession fears grip major markets. For heavyweight tech firms traded in Hong Kong, Federated Hermes Inc. and Brandes Investment Partners LP say the worst of the crackdown is priced in.