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Goldman Sachs has raised its 12-month target for the MSCI 🇨🇳 China Index, implying 11% upside, citing improving odds of a US-China trade deal. Strategists point to easing regulation, stronger yuan, and better liquidity. Sectors like insurance and materials were bumped to
Goldman Sachs raises 12-month target for MSCI China Index to 90 from 85, citing potential 11% upside driven by improving prospects for a US-China trade deal.
🇨🇳Goldman Sees 11% Upside in China Stocks on Potential for US Deal Goldman Sachs raised its 12-month target for the MSCI China Index to 90 from 85, implying 11% upside from Friday's close, citing improving prospects for a US-China trade deal that would remove a key market https://t.co/qSzn5E62W3
Goldman Sachs has lifted its 12-month forecast for the MSCI China Index to 90 from 85, implying an 11% gain from last Friday’s close. The bank’s strategists said the revision reflects improving odds of a US-China trade agreement that would remove a longstanding market overhang. They also cited easing domestic regulation, a firmer yuan and better onshore liquidity, and upgraded their view on insurance and materials shares.
