According to reports, Pictet Asset Management in Switzerland has upgraded its rating of Chinese and American stocks from neutral to overweight, citing strong economic prospects. The company's chief strategist, Luca Paolini, wrote in a report that with China's monetary stimulus plan appearing to have a positive impact on the economy and expectations of further support from fiscal policy, now is a good time to upgrade the rating of Chinese stocks. Regarding the United States, Paolini stated that in most cases, the U.S. election could be beneficial for businesses. Additionally, Paolini downgraded the rating of Japanese stocks from overweight to neutral, citing "rising political risks."