BEIJING, Oct. 12 (Xinhua) – China's A-share market is expected to have limited downward corrections and tend to be pro optimistic in the fourth quarter, reported Xinhua Finance citing a research report from China International Capital Corporation (CICC) Monday.
Generally, A-share market is still likely to focus on further recovery of China's economy and may turn out pro optimistic in light of the to-be-clear epidemic, economic growth and external environments in the fourth quarter unless the U.S. presidential election is mired in a dilemma.
Regarding concrete advices, the CICC report suggested investors firmly concentrating on opportunities in consumption and industrial upgrading in China.
Investors need to pay attention to three sectors such as new energy, PV and new energy vehicle sectors, relatively undervalued consumption segments such as automobile parts, home appliance and light home furnishing, and sector-leading companies engaged in securities, insurance and part of raw materials in the fourth quarter, the CICC report told. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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