Goldman Sachs Says Sell China Stocks Now
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Goldman Sachs is telling clients to exit a long bet on China stocks on concerns that the central bank will raise borrowing costs to tame inflation.
The recommendation was among the nine "Top Trades" Goldman Sachs made for 2010, and returned 11.3%.
Infaltiona is above the "comfort zone" and more tightening” will likely occur, the firm said.
Related ETFs: iShares FTSE/Xinhua China 25 Index (NYSE: FXI)
The recommendation was among the nine "Top Trades" Goldman Sachs made for 2010, and returned 11.3%.
Infaltiona is above the "comfort zone" and more tightening” will likely occur, the firm said.
Related ETFs: iShares FTSE/Xinhua China 25 Index (NYSE: FXI)
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