Finding the money: India, China markets are golden geese for Goldman Sachs

The intensifying trade war between the world’s two-largest economies has once again weighed on Asian equities, after China and the US were reported to have struggled to agree on a schedule for trade-related meetings.

The region’s benchmark MSCI Asia Pacific Index declined for a second day, and has been range-bound over the past few weeks.

Given the stalled trade talks and uncertainties over the global economy, the market outlook has become even cloudier, even for longstanding bulls such as Goldman Sachs Group Inc.

Strategists at the investment bank further trimmed their 12-month target for the MSCI Asia Pacific (ex-Japan) Index by 1 per