U.S. Equities Remain a Good Earnings Story Play, Says State Street's Luk

The video discusses the attractiveness of US and Asian equities, highlighting the strong earnings potential in US markets and the undervalued nature of Asian equities. It explores the impact of stimulus packages and trade war developments on Asian markets, particularly China. The video also examines the sentiment-driven nature of the Chinese market and the importance of policy shifts targeting private enterprises.

What is the significance of the sentiment shift in the Chinese market as discussed in the text?

How does the text describe the current state of the Chinese macroeconomic environment?