A Bank of America strategist who correctly predicted the rise: Chinese stock market is expected to continue to rise
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Options strategist Lars Naeckter from Bank of America stated that the Chinese stock market is expected to further rise, especially after the implementation of policy stimulus measures, leading to an increase in bullish betting demand. He pointed out that although the Hang Seng China Enterprises Index has retraced some of its gains, the market still has upside potential. Naeckter recommended investors to adopt a bullish options strategy on the iShares China Large-Cap ETF, believing that there are opportunities in the market despite the lingering uncertainties between China and the United States
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