Australian investors have more to lose – and gain – than most from getting their call on the Chinese economy right.
is generally low despite market support measures announced by Beijing at the weekend.
Among the ASX 200, UBS has identified 35 "China plays". The list is dominated by resources companies but also includes strong representation from stocks in the food production and transport sectors .UBS analyst Richard Schellbach calculates that the average ASX 200 stock is now 11.3 per cent cheaper than before the COVID-19 pandemic based on an average price to earnings multiple of profits investors must pay for shares.
“Given the muted flows into Chinese equities, and emerging markets more broadly over the past few years, there is significant under-ownership by global and emerging market equity funds,” he says. “The creation of wealth in China, over the past generation has been epic,” Gave says. “Thirty-year old, high-earning single women buy luxury goods for themselves, they buy cosmetics.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: ASX to rise; Adbri, Cooper Energy, Star Entertainment to reportAustralian shares are set to open up; Nasdaq paces gains in New York. $A advances. Bitcoin slips. Bullock speaks at 5.40pm. Follow updates here.
Read more »
Chinese migrants believe Australian media fuels hostility towards them, study showsReports about China’s ‘influence’ made public more suspicious of Chinese-Australian communities, according to 70% of respondents to UTS survey
Read more »
Australian writer fears he may die in Chinese prisonDetained Australian writer, Yang Hengjun, fears he may die in a Chinese prison if he does not receive medical attention. Chinese doctors told Dr Yang last week he has a 10-centimetre cyst on his kidney but have said he doesn't require any treatment. His supporters are calling on the Australian government to intervene, ahead of a planned trip by Prime Minister Anthony Albanese later this year.
Read more »
Cameron Smith will play the Australian PGA and Australian Open‘Get it done’: Aussie golf’s huge boost as Smith drops big announcement
Read more »
Live: ASX looks set to rise, Fortescue boss goneLocal shares could make gains as reporting season continues, and the chief executive of Fortescue leaves after less than six months. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »
Live: ASX looks set to rise, US Federal Reserve to 'proceed carefully' on ratesLocal shares could make gains as reporting season continues and the market awaits retail sales data. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »