The A50 bulls are making a comeback, with potential upside if the Ministry of Finance announces positive developments regarding stimulus measures and fiscal policies.
The absence of clear stimulus measures from the NDRC regarding the real estate sector is dampening optimism, causing aggressive short-selling and affecting market sentiment.
A recent surge in the A50, triggered by monetary easing, has led to profit-taking, while future rebound prospects depend on timely updates from the Ministry of Finance.
If the upcoming NPC Standing Committee meetings and fiscal updates address consumer spending and local government debt, we could see a noteworthy rebound in the A50.
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