BlackRock Cuts China Exposure Amid Economic Struggles While Upgrading Japan

BlackRock downgrades Chinese stocks and emerging markets to neutral citing property sector woes.
BlackRock upgrades Japanese stocks on earnings and reforms.
China's economy struggling with Covid impact, debt issues.
China indexes flat to down in 2022, underperforming global markets.
China outlook dim but could benefit India as foreign investors shift focus.

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Relevant topic timeline:

9/19/2023

Foreign selling of China stocks slows as investors see signs of recovery, but property woes and policy disappointments persist

Investor negativity towards Chinese stocks is starting to shift as money managers halt or slow down cuts to their exposure, despite a bearish tilt in the market, signaling a potential change in sentiment and reliance on fundamental factors rather than hope for recovery.

9/19/2023

BlackRock Downgrades China Over Slowing Growth and Investor Exodus

BlackRock has downgraded its rating for Chinese stocks from "overweight" to "neutral" due to concerns over slowing growth, limited stimulus, and geopolitical risks, as well as the ongoing crisis in China's property sector.

10/12/2023

BlackRock Earnings Expected to Drop in Q3 as Volatile Markets Weigh on Profits

BlackRock's third-quarter earnings are expected to be lower than the previous quarter due to volatile markets, with long-term flows projected to be depressed, and analysts estimate a decline in adjusted EPS from the previous quarter and year.