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StanChart Keeps 2026 HSI Target Range Unchanged, Expects Gold to Hit New High
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Standard Chartered has maintained an "overweight" position on Chinese stocks, with a 12-month basic range forecast for the HSI at 28,000-30,000. Raymond Cheng, Standard Chartered's Chief Investment Officer, North Asia, expects the Chinese government to introduce more targeted stimulus measures to boost the economy as 2026 marks the first year of the 15th Five-Year Plan. If investment sentiment deteriorates, geopolitical tensions escalate, the Federal Reserve's rate cut expectations or independence decline, and policy support is insufficient, Cheng stressed the HSI range may shift down to 26,000-28,000. Meanwhile, gold prices have outperformed stocks and bonds this year, said Lloyd Chan, Head of Investment Strategy at Standard Chartered Hong Kong. As central banks and investors will continue to seek alternatives to the US dollar, there will be room for growth in reserve diversification demand. Gold prices are expected to reach a new high in the coming year, with spot gold possibly challenging USD4,800. The "overweight" position on gold is maintained. AAStocks Financial News |
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