Business
2024.08.07 13:47 GMT+8

Capital reallocated toward Chinese market 'unsurprising': Economist Hong Hao

Updated 2024.08.07 13:47 GMT+8
CGTN

Asia-Pacific stock markets rebounded on Tuesday after Monday's global sell-off. The rapid appreciation of the Japanese yen, an important carry trade currency, has caused market fluctuations, Hong Hao, chief economist of GROW Investment Group, told CGTN. He weighted in on Chinese markets, noting that investing in Asian companies with earning potential but low valuations is a defensive measure in this volatile environment.

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