John Tang , China strategist at UBS AG, said he’s positive on China equities in the next 12 months even as there’s still some “downside.” He spoke in Hong Kong with John Dawson on Bloomberg Television’s “First Up.”
The Bloomberg China-US 55 Index of the most-traded Chinese equities in the U.S. rose to a two-month high as airline profits grew and the government signaled it will move to shore up growth. Online search engine Baidu Inc. surged 7 percent in after-market hours trading after third-quarter profit topped analyst forecasts.
China’s stocks rose, with the Shanghai Composite Index leading Asian equity markets higher, as investors speculated recent losses were excessive. Agricultural Bank of China Ltd. is preparing to sell shares in what may be the world’s biggest initial public offering.
China’s stocks rose as consumer companies gained on speculation earnings will withstand a slowing economy, overshadowing losses by banks as Agricultural Bank of China Ltd. sought funds in what may be the world’s largest initial public offering.
China’s stocks rose, driving the benchmark index to its biggest two-day gain since December, as China Vanke Co.’s profit jump eased concerns the slowing economy and tighter monetary policies will spur a collapse in earnings.
China stocks rose to a five-month high as commodity producers and automakers gained on prospects for higher metals prices and improved earnings, overshadowing declines by banks on concern about lending restrictions.