Goldman Cuts Targets on China Stocks for Second Time This Month

Bloomberg04-14

Strategists at Goldman Sachs Group Inc. cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.“US-China trade tensions have soared ...

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The new targets imply potential upsides of 12% and 15% respectively from closing levels on Friday.Chinese stocks have taken a hit amid the escalating trade war between the world’s two largest economies, with Beijing’s latest retaliatory 125% levies on the US following President Donald Trump’s 145% tariffs on China. Concerns over a further escalation of trade tensions continue to weigh on investor sentiment.Goldman Sachs has long been bullish, often going against the tide during the market’s multiyear slump. Lau lifted the target for the MSCI China in February to 85 from 75, expecting the emergence of DeepSeek to drive the rally in Chinese equities further. However, the index has fallen more than 8% since then as Trump threatened further tariffs on China.The Goldman team trimmed its target to 81 on April 6, soon after Trump’s April 2 tariffs kicked in.The strategists favor A shares over H tactically, and upgraded banks and developers to overweight, as they expect “decisive and forceful” policy changes to soften the trade shock.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132247923","isCrawlerRequest":true}