Investment Bank Viewpoint: HSBC Lowers China's Stock Index Target by 5-8% Due to Escalating Tariffs and Trade Tensions
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HSBC lowers the target for China's three major stock indices by 5-8%, expecting the earnings of the CSI 300 index to decline by 5-7% due to tariffs. Despite the target downgrade, there is still a potential upside of 11-17%. The bank has upgraded the healthcare sector to "overweight," adjusted the industrial sector to "neutral," and continues to prefer consumer discretionary and information technology sectors. UBS has also lowered its GDP growth forecast for China in 2025 to 3.4%
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