Credit Suisse, a global financial group, raised its investment rating on Chinese stocks from Overweight to Overweight as the Chinese government announced that it would support Chinese companies.
According to Credit Suisse on the 17th, Chinese stocks are still undervalued and see attractive upside potential.
He also predicted that, although regional lockdown has been chosen due to the re-spread of Corona 19 in China, the impact of the Corona virus this year will be quite limited compared to 2020 and last year, the first year of the COVID-19 pandemic, and that China will also focus on economic recovery.
On the same day, Credit Suisse raised its global stocks from neutral to tactical overweight, and said that it expects the US to respond more flexibly to the escalation of the Russia-Ukraine war, and also ordered attention to US stocks related to the war.
