26-05-2025
Goldman Sachs Expects Stronger Yuan to Boost Chinese Stocks
Chinese stocks are expected to benefit from further gains in the yuan, which has been showing resilience amid the country's trade spat with the US, according to strategists at Goldman Sachs Group Inc.
Every 1% appreciation of the yuan versus the dollar can boost Chinese equities by 3% thanks to factors including improved corporate earnings outlook and stronger foreign inflows, strategists including Kinger Lau wrote in a note Monday. Earlier this month, the bank raised its 12-month forecast for the yuan to 7 per dollar, from 7.35.
