TechFlow news, May 13 — According to Jinshi Data, Nomura published a research report stating that the announcement of a tariff agreement between China and the U.S. has surprised markets. Although investors have recently expected some tariff reductions, Nomura believes the extent of the cuts far exceeds expectations. Global equities have thus "breathed a sigh of relief," and this development is expected to support recent positive risk sentiment. Nomura has upgraded Chinese stocks to "tactically overweight."
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