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Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023 - TL;DR CNBC

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-HK700-HK1398-HK

Keywords: tencent holdings ltdchinaeconomic eventsstock marketsworld marketsbusiness news

Source: https://www.cnbc.com/2023/02/20/goldman-sachs-sees-china-stocks-surging-by-end-2023.html


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