INSUBCONTINENT EXCLUSIVE:
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...
