SocGen – Fade Trump And Go Long Chinese Stocks

Societe Generale has raised China stocks to overweight, from underweight, and maintained similar ratings on Indian and Indonesian equities, saying all countries will benefit from the higher growth outlook in the U.S. under a Trump presidency. It, however, downgraded Taiwan and Korea to underweight because both countries could face the brunt of an expected rise in protectionism when President-elect Donald Trump takes over early next year. Also see Trump Tariff On Chinese Exports Would Kill China Reason behind Societe Generale’s upgrade of China’s stocks The French bank’s upgrade of China in an Asia ex-Japan portfolio, came on expected better earnings,…