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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Morgan Stanley Nyheter

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker