A pedestrian bridge in Shanghai features a monitor for stock prices. A raft of earnings downgrades is clouding the stock market prospects in 2021. Photo: EPA-EFE
A pedestrian bridge in Shanghai features a monitor for stock prices. A raft of earnings downgrades is clouding the stock market prospects in 2021. Photo: EPA-EFE
Stocks
Business /  Markets

China’s stock market rally masks shaky pillars amid earnings downgrades, price cuts and policy headwinds

  • The earnings upgrade-downgrade ratio for CSI 300 Index companies has weakened since July amid challenges in finance, health care sectors
  • Policy makers have sent signals on dialing back policy stimulus as the fight against Covid-19 is won, systemic risks gain attention

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 7:30am, 4 Jan, 2021

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A pedestrian bridge in Shanghai features a monitor for stock prices. A raft of earnings downgrades is clouding the stock market prospects in 2021. Photo: EPA-EFE
A pedestrian bridge in Shanghai features a monitor for stock prices. A raft of earnings downgrades is clouding the stock market prospects in 2021. Photo: EPA-EFE
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