Fidelity analysts back Chinese companies to thrive post-pandemic

According to survey

Chinese firms are best placed to survive and thrive when the fallout of the ongoing coronavirus pandemic is eventually contained, a survey of 152 Fidelity International equity and fixed income analysts suggests.

While 87% of the firm's China analysts said they expect the virus to damage profitability - the highest of any region - 85% said any hit on earnings will be contained to the first half of this year. By comparison, 42% of analysts covering other regions expect the impact to extend into the second half. Experts call for automated breaks in UK stockmarket as FTSE plunges 10% in one day Japan was the only other country the analysts expected to see pandemic-related damage to be limited to the first half of the year, while EMEA and Latin America were viewed as most likely to see the econ...