Analysis-Investors temper pessimism on China, but bullish tilt remains distant prospect
On the economic front, industrial output and retail sales growth also beat forecasts in August.
"The problem at the moment is that portfolio managers' perceptions are in this painful transition phase -- they have suffered too many full storms on a recovery in Chinese equities, which are ultimately disappointing," said Alex Redman, chief equity strategist at CLSA.To be sure, the country's beleaguered property sector, for one, remains a huge overhang, with major developers like Country Garden and Sino-Ocean teetering close to default.
"The market is likely to have long-term upward momentum only when the economy stabilises, corporate earnings recover, and foreign investor sentiment toward China assets improves meaningfully."Others have meanwhile sought out opportunities in markets outside of China, but that trend is showing signs of ebbing. A rush of money into India, for example, slowed in August.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Asian shares drop as investors brace for central bank-packed week By ReutersAsian shares drop as investors brace for central bank-packed week
Baca lebih lajut »
Oil inches higher on supply concerns, China demand recovery By ReutersOil inches higher on supply concerns, China demand recovery
Baca lebih lajut »
China Evergrande shares tumble 25% after wealth management staff detained By ReutersChina Evergrande shares tumble 25% after wealth management staff detained
Baca lebih lajut »
Foreign holdings of US Treasuries increase in July, China holdings plunge -data By ReutersForeign holdings of US Treasuries increase in July, China holdings plunge -data
Baca lebih lajut »
Fewer 'I dos' ruin the party for China's $500 billion wedding industry By ReutersFewer 'I dos' ruin the party for China's $500 billion wedding industry
Baca lebih lajut »
Asia stocks slide amid China woes, Japan catches up on chip sell-off By ReutersAsia stocks slide amid China woes, Japan catches up on chip sell-off
Baca lebih lajut »