Asian equities see big earnings downgrades on concerns over China lockdowns

Asian equities are witnessing big earnings downgrades from analysts over the past month, due to the strict lockdowns in China and a surge in borrowing costs for firms as interest rates rise.

"Analysts have very little visibility on the impact of these lockdowns on earnings – thus it seems they are in a 'wait and watch' mode before they actually start cutting Q2 earnings. So clearly there is scope for further earnings cuts in Asia." Outlook for consumer discretionary sector got the biggest hit, as analysts slashed profit forecasts by 6.61 per cent. Communication Services and Health Care, also saw downgrades of over 5 per cent each in net income estimates.

Do you want to get big commission and big income ? Our website is blockchain for Trading , Investing , Recruiting , Betting and Gambling. For especially free for registrations. if you want to know more please and contact to me , I am free for information

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asian stocks follow Wall St futures lowerSYDNEY : Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.'A series of rate hikes and hawkish communication came against a backdrop of plumm
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

Asian stocks tumble on global anxieties over inflationAsian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report.
Fonte: YahooSG - 🏆 3. / 71 Consulte Mais informação »

Asian stocks hit 2-year low on rate hike worriesSINGAPORE : Asian shares tumbled to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8 per
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »