Market in China Has Cheapened Up Again: Garner

The video discusses the consumer-driven recovery in China, highlighting strong domestic travel and consumer confidence. It analyzes market valuations, focusing on consumer services and tech sectors, while being cautious on energy and mining. The expectation is for earnings recovery in the second half of the year, with a focus on semiconductors and regional markets like Korea and Taiwan. The strategy involves a cautious stance on late-cycle markets such as ASEAN and Latin America.

What is the expected trend for earnings recovery in the second half of the year?

What changes were made to the investment strategy in October, and what has been the outcome so far?