Despite external headwinds weighing on global investor sentiment, the A-share market is showing signs of recovery after recent corrections, buoyed by improving corporate profitability, strengthening economic fundamentals and the robust growth of strategic emerging industries, said experts.

　　The A-share market has been under pressure since Sept 23, before the National Day holiday, showing the most significant adjustment on Sept 28 when the benchmark Shanghai Composite Index shed 1.67 percent and ChiNext in Shenzhen fell 4.53 percent. But the market rebounded slightly the following day, with the Shanghai index up 0.18 percent and the Shenzhen Component Index closing 0.34 percent higher.

　　Experts from China International Capital Corp Ltd explained that the recent A-share market jitters can be largely attributed to external reasons, including the geopolitical tensions in the Middle East resulting in higher oil prices and concerns over elevated inflation, the US 10-year treasury yield hitting the highest level since 2007, and the fact that market expectations of another interest rate hike in October stood above 70 percent in late September. But this has cooled down to 20 percent when October unfolded.

　　But these factors' impact on the A-share market is largely temporary. China's economic fundamentals and the mid to long-term growth logic remain unchanged, they added.

　　According to the National Bureau of Statistics, profitability of industrial companies with a minimum annual sales revenue of 20 million yuan ($2.98 million) each surged 15.7 percent year-on-year over the first eight months of the year. Profits of the electronics sector more than doubled, fueled by the accelerated application and rising demand of emerging technologies such as artificial intelligence, said Yu Weining, chief statistician at the NBS' department of industrial statistics.