Goldman Sachs cuts earnings outlook for MSCI China to zero growth

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

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

MSCI China tracks more than 700 China stocks listed globally, including Tencent, BYD and Industrial and Commercial Bank of China.

Goldman Sachs slashed its earnings outlook for the MSCI China stock index to zero growth for the year, down from 4% previously, according to a report published late Thursday.

The property market might take 5 years to recover from oversupply in China's smaller cities, according to Henry Chin, head of research for Asia-Pacific at CBRE.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines