Hong Kong stocks set to gallop: CLSA
The brokerage looks into its crystal ball for its 20th annual Fung Shui Index and sees bullish equity markets and a property plunge in HK. But things could be dicey for Alibaba’s Jack Ma.
The Chinese Year of the Wood Horse will bring bullish stock markets, particularly in Hong Kong, although property prices in the city may sink up to 10%, forecasts CLSA.
Publishing its 20th annual tongue and cheek Feng Shui Index report, based on the Chinese Zodiac, the brokerage concludes that this year’s nag is un toro in toto – pure bull from teeth to tail.
Horses in the fortune chart are powerful and linked to the element of fire, which is associated with driving investment s…
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