China's Non-AI Stocks Likely Need Stronger Policy Support
Dow Jones
6 hours ago
0452 GMT - China's non-AI equities are likely to need stronger policy support to outperform, HSBC analysts say in a research note.In July, key economic indicators missed both consensus and HSBC's estimates across the board, including weak retail sales, decelerating industrial production, and further declining fixed asset investment, they note. Both consumer discretionary and staples companies are likely to post double-digit on-year earnings decline in 1H, they say. A large-scale policy push to boost domestic demand is therefore needed to improve non-AI segment performance, HSBC says.
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