China’s Tech Stocks Are Most Attractive in World, Invesco Says
- Head of global asset allocation likes China’s growth outlook
- It’s too soon to buy the dip for European, US stocks: Jackson
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China is the best place to buy tech stocks as valuations in the US remain too high to be attractive, according to Invesco Ltd.
Beijing’s crackdown on everything -- from tech to property and online education -- sparked a year of heavy selling that wiped out almost $2 trillion from the Hang Seng Tech Index at the height of the rout. That’s now reversing as loose monetary policy and an improving growth outlook outweighs concerns about the country’s Covid Zero policy, the firm’s Global Head of Asset Allocation Research Paul Jackson said in an interview.