Nomura downgraded its forecast for China's 2023 annual growth to 4.3% from 5.1%.
Analysts cited a potentially prolonged Covid-zero policy or a spike in the nation's infections after a possible reopening in March. The latest downgrade comes after Goldman Sachs lowered its outlook earlier this week to 4.5% from 5.3%. William Ma of Grow Investment Group told CNBC's "Street Signs Asia" he's optimistic on policy changes he sees coming after the People's Party Congress in mid-October.Stock futures were flat after another tumultuous day, as investors continue grappling with the Federal Reserve's decision to up rates and worries about the health of the economy.
Dow Jones Futures went up 41 points, or .14%, to 30,190. The S&P 500 was up 4 points, which translates to .11%, at 3,776. The Nasdaq 100 rose 10 points, .09%, to 11,575,50.
Warren Buffett says ''monkeys' could do as good a job investing as Wall Street financial advisors