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<Research>BOCOMI Foresees HK Tech Mkt Condition to Sustain w/ Continuous Catalysts, Fundamentals Needed to Validate Mkt Outlook
Recommend 60 Positive 64 Negative 34 |
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Hong Kong stocks' selling pressure increased after midday. The HSI lost the 23,000-mark, and last slipped 855 points or 3.6% to 22,862. The HSTECH cascaded 351 points or nearly 6% to 5,529. The global financial market experienced significant volatility recently under the uncertainties from US President Donald Trump's policies, BOCOMI released a research report saying. Economic policy uncertainty is on the rise, while the downside risk of the US economy enlarged, leading to price shocks in core assets such as US equites, US bonds and USD. In terms of industry allocation, the broker recommended a “high resilience + high dividend” allocation strategy, and was optimistic about the AI and dotcom sectors in the Hong Kong equity market, especially AI infrastructure providers and arithmetic-related stocks, and at the same time, while using the high dividend sector as defensive core holding. BOCOMI expected Hong Kong's tech market condition to sustain and continue to be resilient. After the announcement of the America First Investment Policy, the performance of China's assets diverged, with larger adjustments in China concept stocks and relatively resilient Hong Kong stock performance. The HSI may require sustained catalysts and fundamentals to validate after breaking its prior high. The recent rally in Hong Kong's stock market is mostly driven by southbound capital and short-term passive capital, with unobvious long-term active capital inflow. AAStocks Financial News |
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