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<Research>Haitong Int'l Expects HK Stocks to Reach New Heights; Focus Mainly on Techs w/ Attention to Innovative Drugs & Brokers
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The recent strengthening of the US dollar was mainly due to the US government shutdown causing a dollar shortage, the Federal Reserve's hawkish stance, and the weakness of non-US currencies, according to a Haitong International report. In the short term, attention should be paid to the US government reopening and economic data. In the medium term, incremental capital inflows and the aggregation of high-quality assets in Hong Kong stocks are expected to reach new highs, with technology stocks being the main focus. Although the dollar index will remain strong in the short term, the pressure of foreign capital outflow has increased, but this dollar strength may come more from short-term liquidity factors. Recently, US lawmakers have indicated that the government shutdown is expected to end by this weekend. If the US government reopens, the previously accumulated liquidity may be released quickly, coupled with the current market expectation of a probable rate cut in December, the subsequent rapid rise of the dollar index may be difficult to sustain. Attention should be paid to the US government reopening time and US economic data. In the medium term, incremental capital inflows and the aggregation of high-quality assets in Hong Kong stocks are anticipated to reach new heights. Structurally, Hong Kong stocks technology is the main focus, with attention to innovative drugs and brokers. AAStocks Financial News |
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