However, in terms of Emerging Market (EM) Equities, Invesco report said the EM equities have the most attractive valuations relative to other regions, albeit with wide variation within EM. "We anticipate Chinese stocks to continue to outperform while India may struggle."
Chinese stocks nosedived sharply on Monday after Beijing slapped back at the US with retaliatory tariffs, sparking fears of a persistent trade war between two major economies.
Chinese stocks have only 4 transactions left before the Lunar New Year closure. On the same day, the China Securities Regulatory Commission issued a statement today to "stabilize expectations and confidence."
The Shanghai Composite Index witnessed a significant 6.2 per cent drop, the most substantial weekly loss since October 2018, while the Shenzhen Component Index recorded an 8.1 per cent decline, marking its largest drop in three years.
As China's currency continues to weaken, Chinese stocks hit nine-month lows and the yuan tumbled on Monday as the authorities' efforts to revive demand failed to inspire investors, reported Channel News Asia.
Hong Kong, July 11 (ANI): Amid fears of new Covid restrictions and a renewed regulatory offensive against big tech companies, Macao casinos were ordered to close down and the Chinese stocks fell on Monday.