July 31, 2025 09:00 PM GMT China Equity Strategy | Asia Pacific A-Share Sentiment Edged Up But Sustainability Questionable Sentiment improved further with higher trading volume. However we caution against market underpricing of near-term US/China tensions. We discuss signposts to watch for stabilization. A-share investor sentiment improved vs. previous cycle as of July 23rd: Weighted MSASI and simple MSASI improved by 5ppt and 4ppt, to 95% and 87%, respectively, vs. the prior cutoff date (July 23). Average ...