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Citi downgrades U.S. stocks, upgrades Chinese stocks, citing economic concerns and growth in China.
Citi has downgraded U.S. stocks to "neutral" from "overweight" due to concerns about the U.S. economy potentially underperforming compared to the rest of the world.
The bank has also upgraded its recommendation for Chinese stocks to "overweight."
This shift follows recent declines in major U.S. stock indexes and reflects growing confidence in China's tech industry and economic growth, revised to 4.7% for this year.
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Citi degrada las existencias de EE.UU., mejora las existencias chinas, citando preocupaciones económicas y crecimiento en China.