Stocks exposed to China have been hit particularly hard since Donald Trump won the US election on prospects his proposed protectionist measures could spark a global trade war.
Prudential shares have fallen so far this year amid worries over the insurer’s China exposure that they now offer the most implied upside of any stock in the FTSE 100 index, based on average analyst price targets.
The London-listed company, which gets the bulk of its business from Asia, has lost 30% of its value in 2024 in its worst yearly performance since the Global Financial Crisis of 2008.
