Goldman Sachs raises China stocks target on AI boost, $200bn inflow potential

By MG News | February 17, 2025 at 10:42 AM GMT+05:00

0:00

February 17, 2025 (MLN): Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that Artificial Intelligence (AI) adoption could boost earnings growth and potentially bring in $200 billion of inflows.

Chinese tech stocks have been on a strong rally, clocking their best winning streak in over two years last week, boosted by DeepSeek's AI breakthrough, which reignited investor interest in China's technology capabilities.

On Monday, Goldman raised its 12-month target price for China's CSI300 index to 4,700 from 4,600, as per Reuters.

It also raised its price target for MSCI China to 85 from 75.

The blue-chip index was last at 3,954, Reuters added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	122,544.33 7.37M	0.41% 497.86
ALLSHR	76,703.01 83.54M	0.52% 399.80
KSE30	37,340.47 2.53M	0.37% 138.10
KMI30	181,918.08 3.35M	0.27% 491.77
KMIALLSHR	52,743.51 33.80M	0.36% 191.56
BKTi	31,023.88 0.48M	0.55% 170.96
OGTi	27,521.08 0.53M	0.20% 54.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,235.00	108,330.00 107,145.00	630.00 0.59%
BRENT CRUDE	68.08	68.18 67.82	0.35 0.52%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-2.90 -3.19%
ROTTERDAM COAL MONTHLY	103.90	103.90 103.90	0.70 0.68%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.64	65.72 65.23	0.40 0.61%
SUGAR #11 WORLD	16.38	16.60 16.24	-0.23 -1.38%