Deals
Goldman Predicts Biggest China H-Share Advance Since 2009
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Chinese stocks traded in Hong Kong will post the biggest gain since 2009 next year on prospects the economy will stabilize, Goldman Sachs Group Inc. said.
The Hang Seng China Enterprises Index, also known as the H-share index, will rally 18 percent to 13,600 by the end of 2014, Noah Weisberger, a New York-based analyst at Goldman Sachs, wrote in a report yesterday. The advance would be the biggest since the gauge surged 62 percent in 2009. The measure dropped 0.8 percent to 11,450.55 at the midday break in Hong Kong.