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Chinese stocks are expected to see modest gains in the second half as investors grapple with just how far policy stimulus will go in turning around a faltering economy.
The benchmark CSI 300 Index of mainland shares will likely climb about 3% this quarter while Hong Kong’s Hang Seng Index may advance less than 6%, according to the median estimate of 18 analysts and money managers surveyed by Bloomberg News this week. Weak economic data were cited as the chief concern, eclipsing geopolitical risks and a potential US recession.
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