According to the South China Morning Post, citing a Morgan Stanley report, as of November 11, the bank's weighted A-share sentiment indicator fell 16 percentage points from November 5 to 15%, dropping below its 22% excessive bearishness threshold. The report noted that the bank therefore maintains a cautious outlook on mainland stock markets. The change referred to here represents the percentage point shift in the sentiment indicator, rather than the price decline of A-shares or the proportion of investors.