Semiconductor, advanced manufacturing stocks to benefit from policy pivot – Saxo Markets
STOCKS VIEWS & ANALYSIS
Semiconductor, advanced manufacturing stocks to benefit from policy pivot – Saxo Markets
STOCKS VIEWS & ANALYSIS

Semiconductor, advanced manufacturing stocks to benefit from policy pivot – Saxo Markets

 

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Investors betting on strong stimulus from China should instead focus on semiconductor and advanced manufacturing companies that match the country’s goal to achieve high-quality growth and close the tech gap with global leaders, said Saxo Markets in a note.

China’s emphasis on technology, innovation and stability over short-term growth means the odds of a potent stimulus package, like the 4 trillion yuan ($555 billion) bailout during the 2008 global financial crisis, are decreasing, it said. 

Such a backdrop offers investors opportunities arising from tech self-sufficiency, agricultural modernisation and economic development that focus on domestic demand and supply-side reforms, it said.