AsianFin -- Goldman Sachs increased its target price for Chinese stocks on Monday, citing the potential impact of AI adoption on earnings growth, which could attract up to $200 billion in inflows.
Chinese tech stocks have been on a strong rally, marking their best winning streak in over two years last week. The surge was fueled by DeepSeek's AI breakthrough, which has reignited investor confidence in China's technological advancements.
On Monday, Goldman Sachs raised its 12-month target price for the CSI300 index to 4,700 from 4,600 and increased its price target for MSCI China to 85 from 75.
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