Global banks favor China stocks amid Middle East conflict
Global banks favor Chinese stocks as a safe haven during the Middle East war. While regional peers fell sharply in March, China showed relative stability.
Global investors are increasingly turning toward China as a relative safe haven while the ongoing conflict involving Iran continues to disrupt international markets. Reporting from Singapore, analysts note that Chinese equities have demonstrated significant resilience compared to their regional peers throughout the month of March.
The geopolitical tension has led to the effective closure of the Strait of Hormuz, a critical maritime passage for approximately one-fifth of the world's oil and gas supply. This disruption has triggered a surge in crude prices and weighed heavily on global risk sentiment. Despite these headwinds, several major investment banks have upgraded their outlook on the Chinese market.
