Investors temper pessimism on China, but bullish tilt remains distant prospect

News Snapshot:

Investor negativity on China is showing signs of shifting as money managers stop or slow cuts to their exposure, even if they see a durable bullish tilt in the market or sentiment as distant. After August, when foreigners dumped a record 90 billion yuan ($12.34 billion) in Chinese stocks, net selling has slowed to a more sedate 20 billion yuan in the month to date. Economic data has also turned in positive surprises for the first time in months. Investors at six large asset managers - Pictet, BNP Paribas Asset Management, Janus Henderson, J.P. Morgan Asset Management, Invesco and RBC...