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JPMorgan Abandons Recommendation to Buy China Stocks Ahead of US Election

(Bloomberg) -- JPMorgan Chase & Co. abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections in addition to growth headwinds and tepid policy support. Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsChina was downgraded to neutral from overweight in the bank’s emerging markets allocation, strategists led by Pedro Marti

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China’s Earnings Setback Sows Fresh Doubts About Stock Rebound

(Bloomberg) -- China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that has weighed on the world’s No. 2 economy.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEarnings per share for the MSCI China Index fell 4.5% from the year earlier in the second quarter, its worst in five quarters, ac

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