亚洲材料行业：衰退担忧缓解，近期回调后更看好铜和铝

Recession fear eases, prefer copper and aluminium post recent correction Easing of recession fears: After today's rally, shares of China copper and aluminium names are 11% and 10% lower over the five trading days since the 'Liberation Day' tariff announcements vs. -2% for the cement sector and -8% for HSCEI. Given that US President Trump has decided to pause 'reciprocal' tariffs for most countries for 90 days, we believe global recession concerns seem somewhat overblown (for now) and the recent panic-driven ...