Goldman, UBS Join Bullish Bets on Global Assets as China Reopens
- Chinese stocks, Thai baht and Asian equities have room to run
- Oil and copper could rally further as Chinese demand returns
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Global markets got a sugar rush when China reverted to pro-growth policies in late 2022, and some are arguing it’s not too late to join the rally.
Chinese equities stand to gain another 20%, oil could renew its push past $100 and copper may breach $10,000 as consumption revives in the world’s no. 2 economy. Those are just a few of the forecasts from strategists and money managers, with emerging-market stocks and selected Asian currencies also likely to benefit.