Asia stocks jump after steep losses; China shares gain on strong PMI By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2025
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Source: Investing.com
Asian Stock Market Recovery: Asian stocks rebounded following a strong finish on Wall Street, with Chinese shares rising due to positive factory activity data, while investors await U.S. President Trump's upcoming trade tariff decision which may indicate softer measures.
China's Economic Outlook: The upcoming Two Sessions meetings in China are anticipated to provide insights into the country's economic direction and potential stimulus measures amid sluggish growth and weak consumer confidence, with expectations of maintaining a GDP goal of around 5.0%.
Analyst Views on PSI
Wall Street analysts forecast PSI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 95.300
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Current: 95.300
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
