Goldman Sachs say Chinese stocks could post their first index gains in four years in 2024 ...Middle East

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Goldman Sachs say Chinese stocks could post their first index gains in four years in 2024
source : forex live ( Middle East ) () 24
CNBC reporting on Goldman Sachs China stock marekt and economy views.Main points:Goldman Sachs expects the MSCI China and CSI 300 to rise 12% and 15%, respectively, supported by estimated earnings growth of around 10% and “moderate” valuation gains. Goldman Sachs prefers A shares over H shares due to their lower sensitivity to geopolitical and liquidity factors. In its 2024 China equity outlook, Goldman Sachs upgraded the food and beverage sector to overweight from market weight and the technology hardware sector to overweight from underweight.More:“We believe policy has been implemented across all key policy cohorts when it comes to monetary easing, fiscal stimulus, housing market easing an

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