Via a note from Goldman Sachs on Friday, a bullish outlook on Chinese stocks.
GS say that there may be more near term volatility due to geopolitical risks .
But they are bullish, their outlook supported by:
- prospects of an economic recovery in the third quarter
- contained inflation
- easing of policy in the region and globally
GS temper their optimism with the caveat its excluding a further worsening in geopolitical tensions.
Weekly Shanghai Composite: