Legendary investors and Goldman Sachs unanimously agree: the Chinese stock market will boost emerging market stocks
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Legendary American investor Mobius and Goldman Sachs strategists have stated that China's stimulus measures will drive the rise of emerging market stocks. With China accounting for a quarter of the MSCI Emerging Markets Index, its market rally will lift the entire index. Emerging market stocks have already risen by 10% since mid-September, and further upside is expected, especially benefiting countries like South Korea, Malaysia, and South Africa. Goldman Sachs has upgraded its rating on Chinese stocks to "overweight" and believes that capital inflows will accelerate growth in emerging markets
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