Chinese Stocks Turn Focus to Earnings as Briefing Underwhelms
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Chinese stock investors are turning their attention to a raft of upcoming earnings after a closely watched consumption-focused press conference failed to provide fresh catalysts for the market.
An index of Chinese shares listed in Hong Kong largely held its gain and ended up 0.6% on Monday as the briefing — where officials were expected to announce details about efforts to revive consumption — brought little cheer. The onshore benchmark CSI 300 Index finished 0.2% lower before the conference began. Both gauges had rallied more than 2% on Friday in anticipation of more policy support.