Goldman Sachs, Morgan Stanley downgrade China stocks as growth falters
- Posted on November 18, 2024
- By Business News Today
- 2 Views
Goldman Sachs, Morgan Stanley downgrade China stocks as growth falters
Goldman Sachs and Morgan Stanley downgraded their forecasts for Hong Kong and Chinese stocks, citing economic concerns and potential political impacts. While bullish on mainland China, Goldman Sachs believes Hong Kong will see limited growth and recommends mainland investments due to lower global sensitivity.
