Fidelity Says Chinese Stock Valuations Attractive

Despite a slowing economy, China’s stock market has emerged as one of the best places in Asia to invest in due to its “very, very attractive” valuation, according to global investment house Fidelity International.

There have been more and more signs of a slowdown in China’s economy, which is the largest in Asia and second-biggest globally. The country has been embroiled in a trade fight with the U.S., which contributed to the more than 24 percent plunge in Chinese shares last year — their worst performance in a decade.

But when asked where is the safest place to put money in, Medha Samant, investment director for Asian equities at Fidelity International, replied: “It’s really north Asia, it’s being led by China, we think.”

Samant told CNBC’s “Squawk Box” on Friday that Chinese stock valuations are looking “very, very attractive right now.”


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza