News Snapshot:
Amundi, which oversees $2 trillion in assets, is bullish on Chinese stocks after cutting exposure during the sell-off. Europe's top asset manager is watching Those developments would be important catalyst's for China's stocks, Mortier said, per Bloomberg's report Monday."It's more a question of when will it happen, not if it will happen," Mortier said.Mortier said Amundi was wary of investing in stocks in China's tech companies, given their earnings are exposed to the actions of local regulators."Given the lack of visibility, even if the prices have corrected, we cannot say today they are cheap," Mortier said. Europe's leading asset manager...
