For anyone seeking a brighter spot in earnings, the tech sector looks “relatively better, ” helped by analysts’ positive views on China’s online spending and Tencent’s mobile game ranking score, Goldman Sachs wrote
SINGAPORE: Fears of a dreadful earnings season for Asian equities are turning into a reality.
Of the members on the MSCI Asia Pacific Index that have reported first-quarter earnings so far, 56% were worse than expected, according to data compiled by Bloomberg.
The situation is worse if you compare them with results in the same period last year: 60% saw a profit decline.
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