Goldman Sachs Lowers Forecast On Chinese Stock Mkt

According to the note, the 12-month target for the MSCI China Index has been cut to 75 from 81. Similarly, the target for the CSI 300 Index has been reduced to 4,300 from 4,500

Mumbai: Goldman Sachs has once again lowered its targets for major Chinese stock indexes, citing growing trade tensions between the US and China. This is the second time this month that the global investment bank has revised its outlook. A team led by Kinger Lau wrote in a note on Monday that US-China trade tensions have reached unprecedented levels.

These tensions have raised fears of a global recession and increasing risks of the two largest economies in the world separating in key areas such as capital markets, technology, and geopolitics.

According to the note, the 12-month target for the MSCI China Index has been cut to 75 from 81. Similarly, the target for the CSI 300 Index has been reduced to 4,300 from 4,500.