'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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80