Asia’s Busiest Earnings Week to Test AI Boom, China Recovery

Asian companies are heading into the busiest week of the current earnings season, with a raft of corporate heavyweights due to report, putting the durability of the AI rally and China’s consumption recovery in focus.

About 370 of the MSCI Asia Pacific Index’s more than 1,200 constituents are due to report. Results are due from industry leaders including EV giant BYD Co. and oil major PetroChina Co. as well as popular retail trades such as Laopu Gold Co. and Eoptolink Technology Inc.

Earnings are being reported for the three months ended June, which marked the MSCI Asia index’s best quarterly performance since 2009. The gauge stands little changed since then amid fresh doubts over the sustainability of AI spending plus worry over geopolitical tensions.