S&P 500 Pares Decline, Still Down 0.2%
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BofA turns tactically constructive on China equities
November 14, 2022 10:35 AM ESTIn a research note to clients Monday, BofA analyst Ajay Singh Kapur said the firm is turning tactically constructive on China.
The analyst explained that the firm's long-standing cautious view on China equities has primarily been premised on five areas of uncertainty, including its Covid policy, property sector policy, regulatory policy, monetary policy, and geopolitics.
On the current Covid policy in the country, Kapur stated: "In recent weeks, we have... More
