Chinese Consumer Stocks Safer Bets Than Hardware if US-China Tensions Rise Pre-Election
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Chinese domestic consumption stocks like Meituan and Haidilao are safer bets than hardware stocks if US-China tensions rise ahead of US election.
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Goldman's proprietary index shows market concerns about US-China relations are at historical highs.
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Chinese small-cap stocks more exposed to hardware sector may underperform if bilateral tensions increase.
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US election outcome and policy towards China could determine direction of Chinese stocks.
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Tensions have resurfaced after period of calm between US and China.