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Cryptopolitan 2025-01-13 05:43:59

Goldman Sachs stays positive on chinese stocks despite market slump

Goldman Sachs stays positive on chinese stocks despite market slump

Chinese stocks are still Goldman Sachs strategists’ top pick as markets slide. They predict key benchmarks could rise by around 20% by the end of the year. A recent Bloomberg report said that the team led by Kinger Lau is still bullish on mainland and offshore Chinese shares, including a positive risk reward. In a Sunday note, they added, “The sentiment and liquidity backdrop may begin to improve in late 1Q 25 on better tariff and policy clarity.” Yet this confidence comes notwithstanding November’s bullish call, which is now out of step with markets. Goldman Sachs recommends stocks tied to government spending, exports, and tech Goldman Sachs recommendation is to buy stocks tied to government spending, exporters that benefit from a weaker yuan, and selected tech and infrastructure firms. They consider shareholder returns “should continue to prevail on record-breaking cash distribution and falling domestic rates.” Furthermore, the strategists prefer online retail, media, and healthcare stocks and have also upgraded consumer services shares to overweight. HSBC said Chinese stocks listed in Hong Kong remain an attractive growth story, confident of policies to support mainland China and higher growth prospects. Goldman in November predicted Chinese stocks would gain 20% in 12 months as officials sought to quicken an economic slowdown. But since then, the MSCI China Index has dropped about 10% as worries about growth, declining producer prices, and new US tariffs have grown. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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