Hong Kong’s stock market rallied after Goldman Sachs issued a report upgrading its rating on Chinese equities to “Overweight”, favouring banks and property shares in particular. Photo: EPA

Stocks rally after Goldman Sachs raises China forecasts; bank, property sectors shine

Hang Seng at two-week high 23,829.67. Factors in China’s favour, says investment giant, are ‘notable rise’ in economic growth and hot southbound and warm foreign capital flows

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Hong Kong’s stock market rallied after Goldman Sachs issued a report upgrading its rating on Chinese equities to “Overweight”, favouring banks and property shares in particular. Photo: EPA
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