Goldman reduces Chinese stock targets for the second time in April

Strategists in Goldman Sachs have reduced their targets to the most important Chinese stock indicators for the second time this month, in light of the increase in trade tensions with the United States. “Trade tension between the United States and China has increased to unprecedented levels, which have raised concerns about the global recession and the dangers of disconnection between the two largest economies in the world in other strategic areas, especially financial markets, technology and political geography.” The target was reduced for 12 months for the MSCI China index to 75 out of 81 points. The CSI 300 (CSI 300) is also reduced to 4,300 points of 4.500 points. These new goals indicate the possibility of a rise of 12% and 15% respectively, compared to Friday closures.