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David Tepper is growing even more bullish on Chinese stocks amid the nation’s new fiscal stimulus measures.
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The new measures include interest-rate cuts, liquidity support, and encouraging company stock buybacks.
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Tepper views China’s stock market as more attractive than the US stock market due to valuation differences.
It’s a buy “everything” moment for Chinese stocks after the country launched a fiscal stimulus bazooka this week, according to billionaire investor David Tepper.
In an interview with CNBC on Thursday, Tepper outlined his bull case for China’s stock market, which has been practically left for dead in recent months as it trades at the same level it did in 2007.
“I thought that what the Fed did last week would lead to China easing, and I didn’t know that they were going to bring out the big guns like they did,”…
