JPMorgan Chase reported that the MSCI China index has rebounded 10% from its May high, driven mainly by money volatility, expected policy easing, weak second-quarter economic data, and progress in the US presidential election. All three meetings broadly reflected a balanced policy in line with the Bank's expectations, believing that the promotion of digitalization benefits the corporate and tax software industries; the continued anti-corruption challenges ostentatious consumption; support for innovative semiconductor equipment and innovative medicines; and new urbanization targets increase the need for the government to capture market inventories.
The bank believes that, apart from policy factors, the market has begun to focus on interim results, with favourable capital movements emerging when earnings growth is confirmed. In the MSCI China Index, the bank lists stocks that have risen in earnings per share since April, with market earnings at a 10-year low. The list of Hong Kong stocks is as follows:
Shutter -W (01024.HK)
Tencent (00700.HK)
United States -W (03690.HK)
Farmer's Springs (09633.HK)
China Petroleum (00857.HK)
Zhongyuan Sea Control (01919.HK)
KYOTO LOGISTICS (02618.HK)
Oriental Overseas (00316.HK)
Shandong Gold (01787.HK)
Five Miners Resources (01208.HK)
HUA RUN VIENTIANE LIFE (01209.HK)
HUA RUN LAND (01109.HK)
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