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Analysts and investors have been increasingly bearish on Apple stock amid its worst slump in more than a decade. Many Apple products were advertised with discounted prices after device trade-ins.

And vehicle owners often choose to leave their ride at home, opting instead for a fixed-price motorcycle that can zip through Jakarta's epic traffic congestion - at a bargain-basement prices.

Analysis: Microsoft’s acquisition of Bethesda is a massive disruption for the video game industry

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations between the two major economies.

Analysts said the move by Goldman Sachs showed that foreign banks remain bullish about the prospects of their business in China as further financial liberalization is expected to bring more business opportunities.