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Sg hongkong stocks rebound desktop

Q2 Hong Kong stocks rebound by 7%: Bull run or bear trap ahead?

This article is for informational purposes only.

The Hang Seng Index has gone through a roller-coaster ride in the first half of 2024.

The Index plunged 12% to below 15,000 in January, but then reversed course and soared over 30% to 19,636 in mid-May when Chinese authorities supported the property sector with new policies. Will the Hong Kong equities rebound and regain momentum, or remain volatile in the second half of the year?

Since economic trends remain mixed, the Index has been in consolidation of late. With policy boosts providing increased downside support, our base case now projects the index to trade to a range of 18,000 – 20,000 (our prior bull case) in 12 months, against the increasingly challenging geopolitical environment and multiple important elections around the world.

Any significant upside surprise in domestic policy help, more aggressive Fed rate cuts, and/or a less-than-feared escalation of U.S.-China tensions ahead of U.S. elections could lift the index to our bull case range of 20,000 to 22,000.

In this environment, balanced foundation allocations comprising equities, bonds and alternative assets are likely to outperform.

Investors can explore our Signature CIO Balanced Funds, a globally-diversified, expertly-managed fund that aims to provide upside returns while mitigating downturns during these market conditions.

This article is for general information only and it does not constitute an offer, recommendation or solicitation of an offer to enter into any transaction or adopt any hedging, trading or investment strategy, in relation to any securities or other financial instruments. This article has not been prepared for any particular person or class of persons and does not constitute and should not be construed as investment advice or an investment recommendation. It has been prepared without regard to the specific investment objectives, financial situation or particular needs of any person or class of persons. You should seek advice from a licensed or an exempt financial adviser on the suitability of a product for you, taking into account these factors before making a commitment to purchase any product or invest in an investment. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether the product or service described herein is suitable for you.

You are fully responsible for your investment decision, including whether the investment is suitable for you. The products/services involved are not principal-protected and you may lose all or part of your original investment amount.

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The information stated in this article is accurate as at the date of publication.

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