According to Goldman’s report on Sunday, the impact of the tariffs could be blunted by a 2 trillion yuan (US$275 billion) fiscal package from Beijing to support the economy and consumer consumption. Goldman cut its 12-month growth estimate for the MSCI China Index to 10 per cent from 16 per cent, while the CSI300 Index…
Chinese equities have been out of favor among many investors for the past few years. However, the tide appears to be turning, driven by strong corporate profits, enthusiasm over artificial intelligence and an apparent easing of regulatory pressure from Beijing. “China is back on the radar, at least in terms of investor interest,” Goldman Sachs…
Beijing’s big-bang stimulus may have restored more than US$3 trillion of value to Chinese stocks, but not everyone has been lucky enough to reap that windfall, especially those who timed their exit before the rally took hold. Retail giant Walmart sold 144.5 million of JD.com’s US-listed shares at US$24.95 each on August 20, missing out…
(Bloomberg) — European stocks are poised for gains on the first day of trading in the fourth quarter after a weaker yen boosted Japanese equities. Most Read from Bloomberg Futures for European equities rose during Asian trading hours. The Nikkei 225 index advanced 2%, a day after the benchmark slumped almost 5% following the ruling…