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JPM Asset Mgmt's Tai Hui Forecasts ST Consolidation in HK Property Mkt, US to Cut Rates as Early as Oct
Tai Hui, Chief Market Strategist for Asia Pacific at JPMorgan Asset Management, said that Hong Kong's real estate market is likely to consolidate in the short term due to decli...
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JPM Asset Mgmt's Tai Hui Forecasts ST Consolidation in HK Property Mkt, US to Cut Rates as Early as Oct
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Tai Hui, Chief Market Strategist for Asia Pacific at JPMorgan Asset Management, said that Hong Kong's real estate market is likely to consolidate in the short term due to declining interest rates. However, overall recovery will depend on market improvements, and residential prices are unlikely to fluctuate violently for the time being.

In addition, if US President Donald Trump insists on implementing tariffs as scheduled on August 1, Hui expects market risks to escalate with tax rates potentially reaching 22-23%. Still, the market is generally anticipating a delay in the timeline to allow for negotiations.

Related NewsCentral Parity of USD/ RMB Loses 24 bps to 7.1522
In Hui's estimate, the US will consider cutting rates as early as October, given that inflation and labor data have not deteriorated notably. Political pressure may also prompt the Fed to emphasize its independence by delaying rate cuts.

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