Reported over 1 year ago
Investors in Chinese stocks are facing disappointment as earnings fail to recover as expected, leading to a decline in stock market momentum. Earnings estimates for Chinese stocks have been significantly reduced amid challenges in the housing market and retail sales. Foreign investors are selling off Chinese stocks, and market sentiments are turning bearish as hopes for a rebound wane. The upcoming third plenum in July is seen as a potential catalyst for a market turnaround, but concerns remain about the lack of positive catalysts in the near future.
Source: YAHOO