Analysts Predict Range for Hang Seng Index Amid Market Uncertainty
Analysts suggest that mainland and Hong Kong equities may face pressure due to weak stimulus, Fed tightening, and changing AI sentiment, with the Hang Seng Index forecast to trade within a specific range over the next three months.
)
According to the South China Morning Post, analysts indicate that mainland and Hong Kong equities could remain under pressure due to factors such as weak stimulus, the Federal Reserve's tightening measures, and evolving sentiment surrounding AI.
Brokerages, including Zheshang Securities and CCB International, suggest that the two markets are likely to consolidate for the remainder of the year while investors process negative developments before a clearer trend emerges.
CCB International, which operates as the investment banking division of China Construction Bank, projected that the Hang Seng Index is expected to trade within a range of 22,500 and 26,000 over the subsequent three months, noting that risks are leaning toward the downside. The benchmark concluded the third quarter at 24,613.27.
)
)
)