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Goldman Sachs has increased its target price for emerging markets stocks, anticipating that the AI-driven rally in Chinese equities will positively influence other markets. The brokerage raised its 12-month target for the MSCI Emerging Markets Index by 3%, indicating an 11% potential upside. This adjustment reflects the impact of AI adoption on valuations and portfolio flows.
The firm believes that the momentum from the China rally could extend to other emerging markets, which have been lagging behind their historical correlations with Chinese equities. Additionally, a recent fiscal stimulus announcement is expected to stabilize growth and enhance market sentiment, further supporting the positive outlook for emerging markets.
• Goldman Sachs projects AI-driven growth in Chinese equities will uplift emerging markets.
• Fiscal stimulus in China is expected to stabilize growth and market sentiment.
AI adoption refers to the integration of artificial intelligence technologies into business practices, impacting valuations and earnings.
Valuations involve assessing the worth of assets or companies, influenced by AI advancements in earnings.
Portfolio flows refer to the movement of investments into and out of markets, which can be affected by AI-driven market trends.
Goldman Sachs is a leading global investment banking and securities firm that analyzes market trends, including the impact of AI on emerging markets.
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