Lates News

Morgan Stanley's chief Asia and China stock strategist, Liu Mingdi, said on Wednesday that he expects the Hong Kong stock market to experience range-bound volatility during the 90-day period of ongoing trade negotiations. The breakthrough of the Hong Kong stock index may require negotiations to proceed smoothly and reach an agreement, which may take until the third quarter. Overall, he is optimistic about the performance of the Hong Kong stock market this year. He continues to have a positive outlook on the internet and healthcare sectors, especially if the US healthcare reform leads to a decrease in drug prices, which would benefit China's innovative drugs and established ecoysystem and products. Trading themes to watch include industry consolidation and market access liberalization, with the latter more involving the financial industry. More large companies listing in Hong Kong will provide mainland and global investors with more suitable investment options in Hong Kong.