Market Review and Trends
Weekly Market Wrap | 24 February 2023
By Syfe  •  February 25, 2023
Topic #1: Has faith in China’s recovery dwindled? The Hang Seng Index is now down 10.06% since its high in January. Some believe the market decline is due to growing geopolitical concerns and doubts over the strength of China’s economy. Investors are also seeking more evidence that the economy’s recovery is on safe footing, as a sharp three-month surge in the measure started to reverse in February However, Goldman Sachs has expressed a positive outlook on China’s stock market, despite recent concerns around the country’s Covid resurgence and escalating tensions with the US. The firm believes that China’s stocks will continue to regain their momentum over time, with consumer sectors like the service industry expected to experience the most growth. In addition, Goldman Sachs anticipates that the Chinese government will announce new growth policies, further boosting the market. The firm predicts that the MSCI China Index will rise by 24% by the end of the year....
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

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