News Snapshot:
There are pockets of opportunities in China’s stock markets despite an increasingly challenging investment backdrop, says Goldman Sachs’ Timothy Moe. “There are certainly a host of challenges that China is facing right now — but we would push back quite vigorously on the sweeping statement that China is ‘uninvestable,'” Moe, chief Asia-Pacific equity strategist and co-head of Asia macro research at the investment banking giant, told CNBC’s “Squawk Box Asia” on Friday. “It’s just way too overarching and really misses a lot of the specificity that is needed to invest in China,” he said. That narrative does not necessarily extend...
