Goldman Sachs cut their targets for Chinese stock indexes for a second time this month
- 12-month target for the MSCI China Index was cut to 75 from 81
- CSI 300 Index was lowered to 4,300 from 4,500
GS cite heightened trade tensions with the US:
- tension has soared to unprecedented levels
- concerns about global recession
- decoupling risks between the two largest economies globally in other strategic cohorts, notably capital markets, technology, and geopolitics
Info via Bloomberg.
This article was written by Eamonn Sheridan at www.forexlive.com.