There may be more upside to the Chinese markets as the world's second largest economy recuperates from the coronavirus pandemic, said David Chao, a global market strategist for Asia ex-Japan at Invesco.
The Chinese markets extended its rally on Monday as the People's Bank of China issued medium-term loans worth 700 billion yuan to financial institutions on Monday.
The overall positivity also comes as as Chinese policy markers have demonstrated the ability to quickly contain new waves of the coronavirus without hampering the economy, said David Chao, a global market strategist for Asia ex-Japan at Invesco.Investors watch computer screens at a stock exchange hall on July 13, 2020 in Nanjing, Jiangsu Province of China.
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