Hong Kong Stocks Fall as Goldman Downgrades China on Growth Concerns
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Hong Kong stocks erase gain as Goldman downgrades Chinese offshore markets on slower growth, earnings valuation
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Goldman Sachs downgraded offshore Chinese stocks to marketweight from overweight, while retaining preference for onshore market
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Goldman forecasts China's growth to cool to 4.8% in 2024 from 5.3% in 2023 due to housing slump
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Optimism lifted stocks early as Biden-Xi meeting this week may ease US-China tensions
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Traders see high chance of another Fed rate pause in December after inflation report due tomorrow