Goldman Sachs raises China stock index target, ‘reopening’ turns into ‘resumption of growth’
Goldman Sachs targets CSI300 to 4800 in China
- had previously set their target at 4500
GS says China is moving from ‘reopening’ to broader ‘growth resuming’ theme
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UBS also says “we continue to have a positive view of the Chinese market”, citing:
- herd immunity is happening faster than expected
- undemanding assessments
- political support likely to provide support for growth
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