US tariffs could hit stocks in short term
By Cai Xiao | China Daily | Updated: 2018-06-19 07:26
Experts expect fundamentals to be key for market performance in the long run
China's A-share market will be negatively influenced in the short term by the trade war initiated by the United States, but economic fundamentals will determine its performance in the medium and long term, according to experts.
Hong Hao, chief strategist at BOCOM International Holdings Co, said it was beyond the market's expectation that United States President Donald Trump decided to impose new tariffs on selected Chinese products and restrict imports.
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