JPMorgan Bullish On China Stocks, Property Sector Despite Recent Struggles
Portfolio Pulse from Benzinga Neuro
JPMorgan is optimistic about China's stock market and real estate sector despite recent challenges. Wendy Liu, Chief Asia and China Equity Strategist at JPMorgan, expects earnings to improve in 2024 and sees the CSI300 index reaching 3,900 by year-end. The iShares MSCI China ETF (NASDAQ:MCHI) has risen significantly, reflecting this positive outlook.
May 24, 2024 | 10:00 am
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The iShares MSCI China ETF (NASDAQ:MCHI) has risen 31% from its lows in late January and 19% in the past month, reflecting JPMorgan's positive outlook on China's financial markets.
JPMorgan's positive outlook on China's stock market and real estate sector, along with the recent performance of the CSI300 index, suggests continued upward momentum for the iShares MSCI China ETF (NASDAQ:MCHI).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80