The recent surge in COVID-19 infections in China hit a two-year high last 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. Citi Analysts see the market as oversold and this may present a tactical opportunity, even though volatility is expected to remain elevated in the medium-term. Stay updated on the latest insights with Citigold. Receive up to S$6,976 cash when you join Citigold. Visit www.citibank.com.sg/ctgmf for details. Terms and conditions apply.
Posted 2 years ago
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