Downward pressure on Chinese stock market due to falling corporate profit forecasts
- 1Chinese stocks face the risk of a $3.5 trillion sell-off that has been absent from the Chinese stock market since May.
- 2Since March, consensus for profit forecasts of companies included in the MSCI China Index has fallen by more than 4%.
- 3Market pressure has increased as companies reporting third-quarter results fell by less than 9% compared to average profit expectations.
So what's the key point?
Chinese stocks are at risk of facing a $3.5 trillion sell-off that has been absent from the Chinese stock market since May.
Source Investing.com · View original ↗
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