TechFlow, October 13 — According to Jinshi Data, UBS pointed out that if the MSCI China Index falls to the 74 level, it will find strong support, and investors may buy on dips. "Given that the MSCI China Index has risen 36% from its low hit after the escalation of the tariff war in April, some profit-taking could occur in the short term," wrote Wang Zonghao, UBS China Strategy Head, in a report: "Given the current situation is similar to that in April, we expect more investors to buy on weakness, and the MSCI China Index could find solid support around the 74 level." UBS noted that sectors which performed weakly during the April sell-off but have since rebounded may face greater selling pressure this time, including data centers, internet, technology hardware, autos and parts, and biotechnology.
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