Home News Global Markets

Goldman Sachs raises target for MSCI AC Asia ex-Japan stocks target, predicts 'bumpy' path

Bloomberg
Bloomberg8/14/2020 07:16 AM GMT+08  • 2 min read
Goldman Sachs raises target for MSCI AC Asia ex-Japan stocks target, predicts 'bumpy' path
Stocks in Asia outside Japan look set to extend their rebound from the depths of the coronavirus-fueled selloff as earnings rise and the dollar weakens in the year ahead, according to Goldman Sachs Group Inc.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Stocks in Asia outside Japan look set to extend their rebound from the depths of the coronavirus-fueled selloff as earnings rise and the dollar weakens in the year ahead, according to Goldman Sachs Group Inc.

The investment bank raised its target for the MSCI AC Asia Pacific ex-Japan Index to 590 from 510 previously, according to analysts including Timothy Moe, chief Asia-Pacific equity strategist and co-head of macro research. The new level implies a gain of more than 4% from the current value.

While improving economic conditions and the continued monetary easing prompted the strategists to raise their earnings forecasts, the gauge’s path higher “could be bumpy, with markets correcting before rallying to year-end,” they wrote in an Aug 13 note. Their short-term target implies a drop of 5%-6% in the next three months.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.