Chinese Stocks Gain Steam As Citi, Barclays, UBS Discount Evergrande Crisis Compared To Lehman

Citigroup Inc C, Barclays PLC BCS, and UBS Group AG UBS strategists have discounted the magnitude of Evergrande Property EVGPF EVGPY crisis relative to the Lehman Brothers debacle, Bloomberg reports.
Barclays cited the dissimilarities in the market environment during the crises.
UBS highlighted the lower default levels versus the size of China’s economy.
Citi sees the policymakers stepping in. Jefferies Financial Group Inc JEF also perceived limited impact.
Growing investor anguish about Evergrande and China’s real-estate sector affected the global risk assets this week, affecting stocks with less tangible links to China.
S&P Global Ratings warned against default by the distressed developer without China’s government support.
Alibaba Group Holding Ltd BABA shares traded higher by 0.14% at $151.70 in the premarket session on the last check Tuesday. Baidu Inc BIDU was up 1.08% at $156.17, JD.com Inc JD was up 0.46% at $74.49, DiDi Global Inc DIDI was up 1.68% at $7.88.