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Chinese equity outlook weakens with earnings forecasts

Chinese equities faced the prospect of a prolonged downturn as analysts reduced corporate earnings forecasts, Investing.com reported. The supplied RSS entry contained only the headline and provided no index performance, forecast revisions, sector breakdown or named analysts. The direction of the revisions nevertheless pointed to weakening expectations for listed-company profits.

Why it matters

Lower earnings expectations can pressure valuations and make a sustained recovery in Chinese share markets harder to establish.

Sources

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