September 5, 2025 02:18 AM GMT China Equity Strategy | Asia Pacific A-Share Sentiment Cooled Down Amid Reports of Government Intervention Reported potential government cooling measures, weaker A- share Q2 results, and suspension of upward trending bond yields caused the latest profit taking in the A share market. Earnings inflection and policy follow through in the coming quarters will be key to sustaining the rally further. A-share investor sentiment dropped vs. previous cycle: Weighted and simple MSASI bo ...

Core Viewpoint - The IMF emphasizes the need for policymakers to focus on addressing trade tensions and implementing macroeconomic policies to tackle potential domestic imbalances in the face of ongoing downside risks and high uncertainty [1] Group 1: Policy Recommendations - Policymakers should restore fiscal space and ensure that debt remains at sustainable levels to maintain economic stability [1] - Monetary policy must be carefully adjusted according to each country's specific circumstances, with clear and consistent communication [1] - The independence of central banks must be protected to ensure effective monetary policy [1] Group 2: Structural Reforms - Structural reforms are crucial for enhancing productivity, supporting job creation, and leveraging new technologies to promote medium-term growth [1] - These reforms are also essential for offsetting demographic changes [1]

日产社长埃斯皮诺萨（右）与历代经营层 以主要市场北美为中心的销售低迷等产生负面影响。今后，除了世界经济形势恶化之外，美 国关税政策的影响也令人担忧。日产从日本和墨西哥向美国出口汽车，美国的进口车加征关 税将产生一定影响…… 日产汽车4月24日宣布，2024财年（截至2025年3月）合并最终损益最高亏损7500亿日元 （上财年盈利4266亿日元）。此前预期为亏损800亿日元。与裁员相关的费用增加。亏损额超 过了1999财年（截至2000年3月）的6843亿日元，创出历史最高。今后，由于美国特朗普政府 关税政策的影响等，日产的重建尚处于途中。 日产原定于5月13日公布2024财年的财报。2024财年全球销量为335万辆，同比减少3%， 比原计划少5万辆。 最终亏损预计为7000亿～7500亿日元，是4年来首次出现亏损。大幅下调的主要原因是重估以 北美和日本等工厂为中心的资产价值，发生超过5000亿日元的资产减值损失。裁员等结构改革费用 也超过600亿日元。原本未定的年度分红定为零（上财年为20日元），时隔4年跌至不分红。 4月就任的新社长兼首席执行官（CEO）伊万·埃斯皮诺萨在24日的发布会上发表评论 称，"对与 ...