No matter who wins, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group.
The looming US presidential election is adding to a slew of headwinds for Chinese stocks, as both candidates use hardline rhetoric on economic policy towards Beijing.
US vice-president Kamala Harris and former president Donald Trump agreed on very little during their debate last week, but both favour a tough stance towards the world’s second-largest economy, using technology restrictions or tariff hikes. Regardless of the election outcome, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group.
