China stocks can rally 10% in the near term, Morgan Stanley strategist says

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Morgan Stanley أخبار

Singapore,China,Economic Events

The CSI 300, which tracks major stocks on the Shanghai and Shenzhen exchanges, on Friday closed at 3,703.68 points, up 15.7% for the week.

China's CSI 300 stock index, which just had its best week since 2008 , could rise 10% in the near term, according to Morgan Stanley's Laura Wang. Wang, chief China equity strategist at Morgan Stanley, told CNBC's " Street Signs Asia " Friday that the index could rise by another 10%. But she cautioned that more details on Beijing's recent economic stimulus measures were needed for a sustained rally.

Hedge funds on Tuesday spent the most money on Chinese stocks since March 2021 , according to Goldman Sachs, noting it was the second-highest day of such purchases in 10 years. Chinese stocks rose further after Beijing on Thursday called for halting the real estate slump and a strengthening of monetary and fiscal policy. They also affirmed the previously announced stimulus measures. U.S.

 

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