0732 GMT - The Chinese equity market has the potential to rise further amid signs of easing trade tensions and domestic policy efforts, say Goldman Sachs analysts in a commentary. Chinese equities have almost fully recovered its losses of 13% since U.S. President Trump's so-called "Liberation Day" tariff announcements, having returned to a 12% year-to-date gain, the analysts note. They cite signs of potential de-escalation in U.S.-China trade tensions, a broader U.S. dollar weakness, domestic policy efforts among other factors, they say. GS raises its 12-month index target for MSCI China to 78 and CSI300 to 4,400--implying potential returns of 7% and 15%, respectively. The sector remains highly uncertain, GS says. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 03:32 ET (07:32 GMT)
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