Nomura: China-US tariff deal exceeds expectations, raising Chinese stocks to "tactical overweight"

Nomura published a research report that China and the United States announced a tariff agreement, which surprised the market. Although investors have expected tariffs to be reduced in recent days, Nomura believes that this reduction is much more than expected, and global stock markets are also "relieved". It is expected that it will become a support factor for positive risk appetite in the near future, and will upgrade China's stock rating to "tactical overweight".