With the frenzy surrounding US tariffs cooling and a dearth of policies from Beijing, investors focus on fundamentals
With the frenzy surrounding US tariffs settling down and a dearth of new economic policies from Beijing, investors are turning their attention to corporate earnings reports to see if the rally still has legs.
So far, analysts seem to believe the results have been positive. Second-quarter profits for mainland-listed companies likely increased 5.1 per cent from a year earlier, rising for a second consecutive quarter, according to Caitong Securities. Meanwhile, Huaitai Securities said it expected overseas-listed Chinese companies to post a collective 13 per cent profit increase in the first half, up from 8 per cent for all of 2024.
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