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Worst may be over for Chinese stocks, but stick to alpha picks- Goldman Sachs

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Worst may be over for Chinese stocks, but stick to alpha picks- Goldman Sachs

Investing.com-- Chinese stocks saw a strong recovery in the first quarter of 2024 amid some improvements in the economy and earnings, Goldman Sachs analysts said in a recent note.

Slowing second-quarter economic growth could stem momentum in equities, while profit expectations for Chinese stocks also appeared optimistic in the face of sluggish macro conditions. Higher-for-longer U.S. interest rates, especially in the face of sticky inflation, are also expected to weigh on broader emerging markets, including China.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

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