Goldman Raises MSCI China Target as DeepSeek Improves Outlook
- Strategists expect double-digit gains in MSCI China, CSI 300
- Goldman joins a growing chorus of bullish calls on Wall Street
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Strategists at Goldman Sachs Group Inc. expect a blistering rally in Chinese equities to continue, as the emergence of DeepSeek sparks optimism over the country’s technological advancements.
Kinger Lau and his colleagues see the MSCI China Index reaching 85 over the next 12 months, up from their previous target of 75. That indicates another 16% rise from Friday’s close. The index has already entered a bull market earlier this month. Their target for the CSI 300 Index was raised to 4,700 from 4,600.