Internet Stocks May Lead Rally if China Rebounds: BofA Securities

The transcript discusses global investor sentiment towards China, highlighting a cautious approach due to a lack of clear catalysts. Despite cheap valuations, investors are hesitant without concrete policy changes. The market remains neutral, influenced by external factors like the strong US dollar. Key catalysts include China's reopening and property sector policies. Currency depreciation impacts earnings, but the pressure may ease as the Fed rate stabilizes. The Internet sector is expected to lead a potential rally. The Party Congress may shift focus back to economic growth, with hopes for policy relaxation.

What is the current outlook for earnings growth in China according to the consensus?

What sectors are expected to perform well if China reopens?

What are the expectations surrounding the upcoming party Congress in China?