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G Sachs: CN Stock Mkt Has Limited Downside for 2025
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China's stock market will face limited downside next year, as stimulus policies in China offered a buffer against further sell-offs, while the market has factored in the risk of US tariff hikes, Si Fu, Goldman Sachs' China portfolio strategist, said. Si added that equity valuations have come off their October peak, and believed that potential improvements in corporate fundamentals could support current valuation levels. However, if the US were to raise tariffs on China by 60%, valuations would fall by 10% from current level, but it is unlikely that such a large tariff hike would occur. AAStocks Financial News |
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