Hope rises for China stocks

Bullish outlook: People interact with a Baidu artificial intelligence robot at its headquarters in Beijing. And a string of better-than-feared results by Internet giants including Alibaba Group Holding Ltd and Baidu Inc – which led to double-digit gains in their shares – suggests some investors had become too pessimistic on the outlook for earnings. — Reuters

BEIJING: A stabilisation in earnings expectations is adding to optimism that the worst may be over for China’s beleaguered stocks.

Analysts have stopped cutting forward estimates for MSCI China members, after slashing them by 10% since early March, according to data compiled by Bloomberg.