Internet and Auto Names Weigh on China Equities Despite Broader Strength
China equities have faced downward pressure so far this year led by internet and auto stocks, driven by earnings revisions in e-commerce and cooling sentiment toward AI hyperscalers. At the same time, market breadth has improved: more than 60% of MSCI China constituents are outperforming the index, with industrials, commodities and pharma/biotech a…