Outlook better for Chinese tech heaviesBusiness | 24 Jun 2021 7:12 pm
Despite regulatory pressure on China's tech giants in the first half, an analyst believes the worst is over.
Invesco's global market strategist for Asia Pacific (ex-Japan) David Chao, expects a brighter outlook in the second half.
Chao is also bullish on materials companies, especially chemicals, as well as commodity companies, after a significant sell-off recently.
Meanwhile, Kristina Hooper, chief global market strategist at Invesco, expects global growth to accelerate through early 2022. Inflation will rise, but it will be temporary.