China

[China] - Chinese stocks to stagnate in second half on absence of drivers, top brokerages say

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Chinese stocks are likely to tread water in the second half as investors refrain from big bets amid a lack of fresh catalysts, according to the nation’s top-ranked brokerages.A deflationary trend and sluggish earnings growth will continue to weigh on yuan-denominated stocks, but state intervention and an economic recovery – albeit weak – will put a floor under the market, according to GF Securities, Industrial Securities and Shenwan Hongyuan Group.China’s benchmark CSI 300 Index barely budged...




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