December 18, 2025 09:00 PM GMT China Equity Strategy | Asia Pacific A-Share Sentiment Marginally Up But May Not Sustain Market sentiment rose marginally on higher turnover. However, global market volatility and lackluster domestic macro could curb it. A more forceful fiscal pivot and further China technology breakthrough could lead to more sustainable sentiment pickup. A-share investor sentiment increased vs. previous cycle: Weighted MSASI increased 4ppt to 51% vs. the prior cutoff date (December 10), while ...