China market to remain range bound for now, says UBS

Jun 9, 2009

Despite short-term challenges, UBS China specialist John Tsang believes the market is poised for another bull run.

China's equities will continue to rise throughout 2009, says UBS, but with global economic demand and China's external demand remaining weak, momentum risks running ahead of fundamentals, which will lead to stretched valuations. UBS believes that this will be the biggest challenge facing investors in China in 2009 as index prices become more sensitive to negative news.

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