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Goldman Joins Growing Bullish Chorus on China Stocks Amid Rally

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Goldman Sachs,Earnings Growth,Fiscal Stimulus

(Bloomberg) -- Goldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a growing camp of optimists that are touting the...

-- Goldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a growing camp of optimists that are touting the positive impact of Beijing’s stimulus blitz.Gauges tracking the nation’s equities may rise another 15%-20% if authorities deliver on policy measures, strategists including Tim Moe wrote in a note dated Oct. 5. Valuations are still below the historical average, earnings may improve and global investors’ positioning remains light, they added.

Goldman lifted its target for the MSCI China Index and benchmark CSI 300 Index to 84 and 4,600 respectively, implying a total return of 15%-18% from current levels. VANCOUVER, British Columbia, Oct. 06, 2024 -- Ero Copper Corp. announces that its Tucumã Operation has experienced a temporary power disruption following a severe localized windstorm that occurred in the southwest region of the Carajás Mineral Province in Pará State, Brazil on October 5, 2024. The Company's workforce is safe, and there has been no damage to infrastructure at the Tucumã Operation.

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