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Goldman Sachs raise China equity index target, 'reopening' evolves into 'growth recovery'

Goldman Sachs raise China equity index target, 'reopening' evolves into 'growth recovery'

Goldman Sachs target China's CSI300 to 4800

  • had previously set their target at 4500

GS says China is evolving from “reopening” to a wider “growth recovery” theme

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UBS also, says "we continue to hold a positive view on the China market”, citing:

  • herd immunity occurring faster than expected
  • undemanding valuations
  • policy support likely to provide a backstop for growth
This article was written by Eamonn Sh... Read More
Posted: Jan 30 2023, 04:40
Author Name: forexlive
Views: 102829

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