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#Stocks ร—

Goldman Sachs backs HKEX with โ€˜buy ratingโ€™, citing Beijingโ€™s policy support, AI stock boost

Wall Street investment bank Goldman Sachs has cast a vote of confidence in Hong Kongโ€™s financial future by reaffirming its โ€œbuy ratingโ€ on Hong Kong Exchanges and Clearing (HKEX), as Beijing ramps up policy support to cement the cityโ€™s status as an international financial centre. โ€œWe see multiple tailwinds to ADT [average daily turnover] and revenue growthโ€ in the second half of this year, analysts Thomas Wang and Simone Chen wrote in a research note on Wednesday. The move comes amid weak share...