Asian shares regain land lost because of the desire for stimulus policies to boo

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      Asian stocks pulled back earlier losses on Monday as Chinese stocks rose for the second day in a row, helping to offset geopolitical concerns about the withdrawal of Saudi Arabia, Italy and Britain from Europe.
The Shanghai-Shenzhen 300 index jumped 3.5% in early morning trading, extending Friday's gains as Chinese authorities pledged support for the economy and businesses.
"The earnings season is likely to be strong and most companies will exceed their forecasts," JPMorgan analysts said in a report.
"However, as the dollar appreciates, supply chains are disrupted by trade uncertainties, coupled with rising costs, these factors are increasingly influencing margins. Only a signal of reversal in the fundamentals of profitability can lead to serious amendments.
Global economic growth prospects for the first time look bleak in 2019, according to a Reuters survey. Analysts surveyed said the trade war between the United States and China and the tightening financial environment could trigger the next economic downturn.


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