Deep Dive: China's reopening benefits UK large caps

Daniele Antonucci, chief economist Quintet Private Bank, said 80% of FTSE 100 companies receive the vast majority of their earnings from overseas, with one of the key markets being China and the Asian consumer. The overexposure of UK large-cap firms to other regions means that global macroeconomic conditions play a key role when assessing any investment in these companies, Antonucci said. China's economic growth was stunted by the extended lockdown imposed by Beijing, negatively impacting firms with revenues exposed to the country, which includes several businesses in the FTSE 100. ...