Brexit effect eases, rebound likely

Forecast for China shares seems upbeat as risk appetite returns to stock market

The Chinese stock market could rise higher this week as fears of the repercussions of the British vote to leave the European Union will likely ease, analysts said.

"The global forecast for China markets seems upbeat on fading concerns over the Brexit developments while economic data continues to display signs of improvement," said Lukman Otunuga, research analyst at ForexTime, an online foreign exchange trader.