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UBS GWM sees “limited upside” for China equities

UBS GWM believes there’s “limited upside” for China equities and is advising investors to be more selective in terms of sector and stock-picking. “Chinese equities have gained 11% this year, topping our high single-digit forecast for 2019,” the bank said. “We now see limited upside from here and encourage investors to rotate into select sectors for better returns.” The Swiss…

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