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Goldman Sachs is watching for Chinese stock markets to trade up

Goldman Sachs is watching for Chinese stock markets to trade up
Goldman Sachs cites internal broker data tracking China ADRs. GS say their data showed signs of capitulation selling in the first 3 weeks of August but that's diminishing. We are starting to see some institutions use recent weakness as a buying opportunity.Goldman Sachs says they are now watching for stability and an inflection higher. Shanghai Composite daily candles:The big jump (and retrace) was on Monday:ForexLive Asia-Pacific FX news wrap: China shares up sharply after package to boost mark... Read More
Posted: Aug 30 2023, 23:02
Author Name: forexlive
Views: 111663

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