He said this was due to political unrest, export dependences and its composition, with an overweight in finance, utility and real-estate stocks. The Hang Seng China Enterprises Index (HSCEI), which is strongly oriented to Chinese state-owned corporations, has not fared much better, in his opinion.
Chinese stocks have become relatively attractive despite the coronavirus pandemic, unrest in Hong Kong, and the US-China trade war.
According to DWS APAC Chief Investment Officer Sean Taylor, this is because of the weak performance of Hong Kong indexes, such as a 9% decline in the Hang Seng Index.
