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UBS GWM: Positive on China hardware underpinned by better-than-expected Q3 results

UBS Global Wealth Management is positive on China hardware, following the sector’s better-than-expected third quarter results. “Despite the weak macro backdrop and Sino-US trade uncertainties, a few sectors — tech hardware, certain home appliances and banks — reported better-than-expected 3Q results, and this reinforces our belief that creating alpha is possible under current market conditions,” the bank said. It added…

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