People walk in front of an electronic screen showing the latest economic and stock data in Shanghai on June  23. Photo: EPA-EFE
People walk in front of an electronic screen showing the latest economic and stock data in Shanghai on June 23. Photo: EPA-EFE
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Chinese stocks’ US$1.8 trillion recovery from April low faces another earnings test as UBS, Citic predict setbacks

  • The 800 biggest companies on the Shanghai and Shenzhen exchanges could suffer a 23 per cent drop in second-quarter profit, according to Citic Securities
  • Expect market to consolidate in the next two months on mild economic recovery and earnings downgrades, UBS strategist says

People walk in front of an electronic screen showing the latest economic and stock data in Shanghai on June  23. Photo: EPA-EFE
People walk in front of an electronic screen showing the latest economic and stock data in Shanghai on June 23. Photo: EPA-EFE
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