Goldman Expects "Slower Bull Market" As China Stocks Dip After Record-Breaking Run

4Q25 was rather boring for China/HK markets amid weak economic data and policy vacuum but, as Goldman's Fred Yin notes, 1Q26 so far however is showing the world that when China/HK moves...it moves...

China rallied to new cycle highs overnight but all major indices closed in the red, marking the first pullback since Dec 17, 2025.