Reported about 8 hours ago
Chinese companies are on track to achieve significant profit growth this earnings season, with a projected 5.8% increase year-on-year for the July-September period. However, traders remain wary as escalating tensions in US-China trade negotiations could overshadow this rebound. While some sectors like artificial intelligence are thriving, others, notably consumption and property, are struggling, raising concerns about the sustainability of overall profit growth. Investors are particularly focused on an upcoming meeting between Donald Trump and Xi Jinping, which could greatly influence market sentiment.
Source: YAHOO