Nov. 13 (Bloomberg) -- The worst plunge in China’s stocks in more than a year is a buying opportunity for investors as the country’s benchmark index may advance as much as 15 percent by June, according to HSBC Private Bank’s Arjuna Mahendran. “The medium-term outlook is good,” said Mahendran, the head of investment strategy for Asia in Singapore at HSBC Private Bank, a unit of Europe’s largest lender overseeing $460 billion globally. “The momentum of the economy is strong. The question is whether it’s too strong.”
The indicators followed by The Peter Dag Portfolio have been pointing to a pronounced slowdown in the Chinese economy for the past several months.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest
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