BlackRock Wary of China Stocks Beyond Potential Near-Term Rally
(Bloomberg) — BlackRock Inc., the world’s largest asset manager, says it’s cautious on the longer-term outlook for Chinese stocks even as sentiment toward the market is turning more positive.
“Geopolitics remains a key risk,” a team comprising portfolio managers and Belinda Boa, head of Asia Pacific active investments, wrote in a report on the region’s 2023 outlook. Among other concerns, there’s uncertainty on the possible impact of new U.S. policies on sectors beyond semiconductors as well as potential retaliatory measures, they said.
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