Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Summary: Market seemed to have resume appetite in both A-shares and Hong Kong listed stocks alike when discount valuations give way to investors for bargain purchase. IPO market on the other hand extended its muted tone from July on the backdrop of escalating political tension in the city, with Alibaba giving a second thought of the timing of its Hong Kong listing.