Global shares were lower Tuesday, with the Shanghai Composite leading the way downward as cautious remarks from Chinese Premier Wen Jiabao stirred concerns about the economic rebound in the country.
But China has potential to gain another 15-20 percent as talk of an asset bubble is overblown, while trade in U.S. markets won't be 'serious' from now until Labor Day, experts tell CNBC.
US Market "On Vacation"
Between now and Labor Day, investors shouldn't take what the U.S. market does seriously, advises Jim Awad, MD at Zephyr Management.
Sidestep US Financials
Jim Awad, MD at Zephyr Management does not recommend buying U.S. financials for a momentum trade.
China Markets Could Rise Another 20%
Talk of a huge asset bubble forming in China is grossly overblown, says Sani Hamid, director of wealth management at Financial Alliance, as he still sees about 15-20% upside to the markets.
HSI to Remain Rangebound
The Hang Seng Index is likely to remain rangebound, between 19,000 and 21,000 points, foresees Vicks Poon, head of investment advisory at Fubon Bank.
Upbeat on Aussie
Kathy Lien director of currency research GFT is bullish on the Australian dollar. She tells CNBC where she sees the Aussie dollar heading.