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<Research>Nomura: US-CN Tariff Deal Exceeds Forecast; CN Stocks Upgraded to ‘Tactical Overweight’
Recommend 17 Positive 26 Negative 15 |
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The announcement of the tariff agreement between China and the US came as a big surprise to the market, Nomura released a research report saying. Although investors had expected a reduction in tariffs recently, Nomura believed that the cut rate will be much larger than expected and bring a "relief" for global stocks, which is expected to be a supportive factor for positive risk appetite in the near future. The broker upgraded Chinese stocks to "tactical Overweight". AAStocks Financial News |
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