Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023
Publishing timestamp: 2023-02-20 00:00:39
Summary
Goldman Sachs strategists believe that the principal theme in the stock market will shift from reopening to recovery, and that this shift could drive Chinese stocks up by 24% by the end of the year. They cite data from their prime brokerage which shows that hedge fund investors have substantially re-risked in Chinese stocks.
Sentiment: POSITIVE
Tickers: 1211-HK, 700-HK, 1398-HK,
Keywords: tencent holdings ltd, china, economic events, stock markets, world markets, business news,
Source: https://www.cnbc.com/2023/02/20/goldman-sachs-sees-china-stocks-surging-by-end-2023.html