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UBS GWM: Upside for China equities is capped

Despite the interim deal between the US and China boosting risk sentiment, the upside for China equities in the short to medium term will be limited, according to UBS Global Wealth Management. “We believe market participants and corporations are too upbeat about the tariff’s potential impact on the technology sector,” the bank said. “Weaker demand (due to higher prices) and…

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