'Fast And Furious Rally' Pushes Chinese Stocks To Double S&P 500 Performance Year To Date
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
0mins
Source: Benzinga
Chinese Equity Market Surge: Chinese equities have seen a significant rally, with the MSCI China Index gaining over 35% from Sept. 24 to Oct. 7, driven by aggressive monetary easing and government support for the property sector, adding nearly $2 trillion in market capitalization.
Caution Amidst Optimism: Despite the strong performance of Chinese equity ETFs, analysts advise caution, highlighting the need for further fiscal stimulus and structural reforms to sustain economic recovery, while suggesting that potential pullbacks could present buying opportunities for long-term investors.
Analyst Views on FXI
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 39.480
Low
Averages
High
Current: 39.480
Low
Averages
High
No data
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.
