It means a tougher outlook for Australian shares, which are already feeling the impacts of the lower profit expectations. The benchmark S & P/ASX200 is already down 4 per cent since reporting season began, to be trading at 15.1-times forecast FY24 earnings per share, or 22-times for the industrials (ex-financials) universe.
Knives out for FY24 forecasts make it hard for share prices comes via ChinaTechNews.com.