Following Goldman Sachs, Morgan Stanley cuts targets for Chinese stock indices

Monday June 5, 2023

Due to the geopolitical unrest, the weak currency outlook, and the delayed earnings recovery, Morgan Stanley has lowered its target for key Chinese stock indices. It decreased the Hang Seng China Enterprises Index target to 7,320 from 8,250 and the MSCI China Index target to 70 from 80, implying gains of roughly 15% from the …

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