November 27, 2025 09:00 PM GMT China Equity Strategy | Asia Pacific A-Share Sentiment Edged Down on Year-End Profit-Taking Market sentiment softened amid year-end profit-taking and heightened US market volatility. We maintain a cautiously constructive stance and remain confident in further inflows. A decisive fiscal policy shift and improved US-China relations would turn us more bullish. A-share investor sentiment dropped vs. previous cycle: Weighted MSASI decreased by 1% to 50% vs. the prior cut-off date ( ...