[Grammar] Against a positive outlook

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patran

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Dear Teachers

In the following sentence, is "against" below means "not" or "opposite"?

Against a positive medium-term growth outlook, Chinese shares are also trading at attractive valuations.

Regards

Anthony the learner
 

5jj

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In the following sentence, [STRIKE]is[/STRIKE] does "against" below mean[STRIKE]s[/STRIKE] "not" or "opposite"?

Against a positive medium-term growth outlook, Chinese shares are also trading at attractive valuations.
It means 'In contrast to'.
 
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