UBS Cuts MSCI China Index Year-End Target To 78

UBS has lowered its year-end target for the MSCI China Index to 78, citing more conservative valuation assumptions, while keeping its 2026 earnings growth forecast unchanged at 10%, according to Ming Pao. Bloomberg reported that Wang Zonghao, head of China equity strategy research at UBS, said the revision also reflects lower liquidity, higher global interest rates and geopolitical uncertainty.