April 23, 2026 09:00 PM GMT China Equity Strategy | Asia Pacific A-share Sentiment Improved, but Near-term Volatility Expected MSASI improved on higher turnover and RSI. We see ~5-10% upside for Chinese equities toward year-end with e-commerce competition easing, a more balanced index mix and upstream/ green tech edge, but near-term volatility remains high. We continue to prefer A-shares over the offshore market. A-share investor sentiment improved vs. previous cycle: Weighted MSASI increased 6ppt vs. the p ...