China Stocks Selloff to Present a Buying Opportunity: Analysts

A selloff in Chinese stocks following renewed Sino-American trade tensions will be an opportunity to buy the dip, market watchers say.

The NASDAQ Golden Dragon China Index plunged more than 6% on Friday, the most since April, and US stocks also slid after President Donald Trump warned he would impose a “massive” increase of tariffs on Chinese goods. He later said he would put an additional 100% tariff on China from Nov. 1, as well as place export controls on critical software.

However, sentiment improved as Trump later signaled an openness to a deal with China, triggering an advance in ...