It seems that the stock markets in China and South Korea are on a date with a recovery and an increase of about 16% during the year 2023, due to three main factors, according to Goldman Sachs Group analysts in a new research note.
The research note, published by Bloomberg, explained that these factors are led by China’s mitigation of its own policy on Corona’s procedures.
The memo indicated that the reduction of those restrictions on Corona in China support real estate developers again, which prompted investment managers to ensure that the worst has ended for the stock market in Beijing.
The memo pointed out that the arrival of the US dollar and the expected shift in the federal policy of interest rates from these three factors, which may clearly reflect on the Asian stock markets in the second quarter of next year.
The US Bank analysts expected the MSCI Chenna index, which includes more than 700 shares of a Chinese company listed globally, and the Chinese stock index, CSI3, by 16% in the next 12 months.
Chinese stocks ended the week’s transactions, amid fears that the increasing number of injuries to the Coffee-19 virus will lead to new closure restrictions in the country.
The “Shanghai Al -Muqtah” index fell at the end of the Friday session, by 0. 58%, and the CSI 300 index fell by 0.
45%, and the “Chentan Boat” index fell 0. 48%..
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