Reported 4 months ago
China's technology and property stocks are approaching bearish milestones, signaling a potential technical correction and casting doubt on the sustainability of recent equity market rebounds in the country. While the Hang Seng Tech Index and a Bloomberg Intelligence property stocks gauge saw significant gains initially, concerns over earnings, government stimulus, and geopolitical tensions have led to a retreat in these sectors. Money managers are cautious due to underperformance in local equities, and ongoing challenges in AI services and trade relations are adding pressure on tech companies. The market outlook depends on policy implementation, economic conditions, and investor sentiment, with potential for increased flows into China if the economic situation improves.
Source: YAHOO