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A-shares recovery likely short-lived, says UBS

Amid current volatility, H-shares will see an upward trend while A shares may go in the opposite direction, said UBS Securities, adding that a A-shares recovery could be short-lived. This is because such “prices are not based on business fundamentals.” Lu Wenjie, H-share strategist at UBS Securities said at a briefing that A-shares are still “at a bubble stage”, and are…

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