Amundi awaits 10% drop in China stocks

French fund house Amundi would overweight China stocks if they were to fall another 5%-10%, and there are three events that could spark such a drop in the coming six months, argues Anthony Ho, chief investment officer for Asia ex-Japan equities. He was referring to a potential British exit from the European Union (on which the referendum is taking place today), a US rate hike and the US presidential election. Amundi is currently neutral on China stocks. “We are expecting more vo…