Asia Earnings Week Ahead: CATL, HKEX, Hindustan Unilever, Axis
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China’s earnings season kicks off this week with a peek into its hard-hit consumer industry -- and a reminder of the nation’s staggering scale. Results are due from the world’s biggest maker of electric-vehicle batteries, Contemporary Amperex Technology, while the largest beverage company, Kweichow Moutai, reported Sunday.
As China started its twice-a-decade Communist Party congress on Sunday to select top leadership, any signs of policy shifts, subtle as they may be, could have a broad impact on markets. On opening day of the week-long congress, Xi gave a two-hour speech that highlighted goals in technology, the environment and national security, but didn’t set any timeline on when the Covid Zero policy will be changed.