Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.
Asian stocks snap six days of gains, bonds steady
Asian stocks experienced a downturn, ending a prolonged winning streak due to uncertainty surrounding potential Federal Reserve interest-rate cuts. Despite the S&P 500 reaching a