Buy Chinese Stocks and Sell Big US Tech Brands, BofA’s Hartnett Says

(Bloomberg) — The chorus of strategists turning bullish on Chinese stocks is getting louder by the day, with Bank of America Corp.’s Michael Hartnett the latest to recommend the nation’s equities as a top buy for 2023.

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China’s economic reopening is set to boost equities as households have excess savings, strategists led by Hartnett wrote in a note dated Nov. 22, adding that the ending of Covid restrictions boosted stocks in the US and other countries. They also…

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