WALL Street brokerages have turned more cautious on Chinese stocks as persistent deflationary pressures and geopolitical tensions cloud the outlook for earnings in the world’s second-largest equity market, reports Bloomberg. Morgan Stanley strategists reduced Chinese equities to a slight underweight within the region, while Goldman Sachs trimmed its index target on the MSCI China Index to reflect a less favourable macro backdrop. The latest calls represent a rapid turnaround from their upbeat...
https://www.seanews.com.tr/wall-street-brokerages-trim-down-chinas-stock-views/201834/