Wall Street Is Cutting Outlooks For Chinese Stocks Just Weeks After A Stimulus Blitz

Chinese leader Xi JinpingADEK BERRY/AFP via Getty ImagesMajor Wall Street analysts are warning of more headwinds for Chinese stocks next year, even amid stimulus.After an initially positive reaction, Goldman Sachs and Morgan Stanley are turning more bearish.Both firms recently cut their outlooks on the MSCI China Index through the end of next year.China's stock market is likely headed for tougher times ahead, at least according to a few prominent Wall Street firms.Strategists from the likes of Goldman Sachs and Morgan Stanley have recently cut their outlooks, warning of slowing growth, even as China's top leaders continue to unveil stimulus measures meant to reinvigorate its slowing economy.Goldman Sachs cut its year-end 2025 target on the MSCI China Index from 84 to 75, keeping its overweight rating on the stocks but citing potential for lower earnings growth as a result of US tariffs.

BING NEWS:
  • Wall Street is cutting outlooks for Chinese stocks just weeks after a stimulus blitz
    Analysts are now warning of more headwinds for Chinese equities after turning bullish on the stocks just weeks ago.
    11/18/2024 - 4:23 am | View Link
  • Asia stocks sputter as focus shifts to China stimulus
    By Kevin Buckland TOKYO (Reuters) -Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing's week-long ...
    11/7/2024 - 8:26 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News