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Citi Wealth Insights

Bringing Citi global views to you.

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Wealth Insights | Asia Pac / EM | Equities | Coronavirus COVID-19

Oversold Chinese stocks present a potential tactical opportunity

By Citi Wealth Insights |
The recent surge in COVID-19 infections in China hit a two-year high on Tuesday, driving stocks in the region to end the day at 21-month lows and raising serious concerns about the economic costs in the government’s quest to contain the disease. Makers from flash drives to glass for Apple’s iPhone screens are facing large setbacks as they comply with new stringent curbs, further straining global supply chains. Four cities (including Shenzhen, the home of major local tech firms like Huawei, Tencent, ZTE, Oppo, etc.) have been locked down, and Shanghai is also at risk of a lockdown.
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Equities | Coronavirus COVID-19

Unfinished Pandemic, Unfinished Recovery

By Celestee Tan |
Recent news suggests a coming surge of delta COVID-19 in highly vaccinated economies. This may set back the time frame for global reopening into 2022. For the world economy and markets, Citi analysts characterize the likely impact as “disappointment” rather than “shock”.
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Equities | Coronavirus COVID-19

Post-Pandemic Portfolio Positioning

By Jessica Tan |
Citi analysts think the world is likely to see a multi-stage recovery as COVID-19 is eradicated more slowly in some regions than others. It is therefore important to assess relative valuations.
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Equities | Coronavirus COVID-19

Opportunities in COVID-19 Driven Inefficiencies

By Celestee Tan |
Citi analysts are bullish on the US growth outlook, but believe this may now be significantly embedded in equity valuation. Instead, Citi analysts see the weak performance of many emerging market equities and their low valuations as potential opportunities.
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Economy/Politics | Equities | Coronavirus COVID-19

More Stimulus and Vaccines Appear on the Way

By Celestee Tan |
US President Biden proposed a support package of US$1.9 trillion, which if passed in the state presented, adds the capacity to address immediate needs with enough aid to address a longer-lasting crisis if needed. Regulatory approvals of more vaccines in the US and Europe are also pending and appear positioned to succeed in the developing world given their less stringent storage requirements.
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Economy/Politics | US Election | Coronavirus COVID-19

Focus on COVID-19 Recovery, not Politics

By Celestee Tan |
While political news causes markets to rise or fall, the impact of government decisions is likely to be priced in swiftly. Citi analysts caution investors to follow vaccines, not politics. Despite the uncertainty associated with global government actions, COVID-19's eventual defeat remains the major factor that may drive investment returns in 2021-22.
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