'4 reasons why China's blistering stock rally has another 20% to run, Goldman says' - Markets Business Insider
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs predicts China's stock market rally could extend another 15% to 20% due to policy support, low valuations, reduced investment risk, and potential earnings growth. Despite challenges, the market has seen significant gains driven by Beijing's stimulus measures.
October 07, 2024 | 3:01 pm
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The iShares China Large-Cap ETF (FXI) could benefit from China's stock market rally, as Goldman Sachs predicts a 15%-20% upside due to policy support and low valuations.
FXI, which tracks large-cap Chinese stocks, is likely to benefit from the predicted 15%-20% rally in China's stock market. The rally is driven by Beijing's stimulus measures, low valuations, and reduced investment risk, which are positive indicators for FXI's performance.
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