---
title: "Hong Kong Stock Market Feng Shui Guide for the Year of the Dragon is Released!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/107189488.md"
description: "\"Stock Guru\" CITIC Lyon makes another move, predicting that after \"surviving the low point in March and April this year, we are ready to embrace a bull market\"?! Will technology stocks, which belong to the fire element, have good luck again?"
datetime: "2024-02-01T05:49:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/107189488.md)
  - [en](https://longbridge.com/en/news/107189488.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/107189488.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/107189488.md) | [繁體中文](https://longbridge.com/zh-HK/news/107189488.md)


# Hong Kong Stock Market Feng Shui Guide for the Year of the Dragon is Released!

The Year of the Earth Dragon, which belongs to the "ins and outs" and "glittering scales," has arrived!

As the Lunar New Year approaches, CITIC CLSA's annual classic - the Feng Shui Index 2024 - is freshly released.

In this brand-new whimsical Feng Shui guide (note: this guide is not a rigorous research report, but rather a lighthearted outlook for entertainment purposes), the bank predicts:

"The rabbit extends its tail, tightly entwining the dragon, indicating that the overall market will be weak in the first half of the year and will not see a significant rebound until midsummer. However, if everything goes well, the market will maintain its high position thereafter. But be careful, riding on the dragon's back through the market is by no means a smooth journey."

In short, it can be summarized as: **After enduring the trough in March and April, get ready to embrace a bull market!**

So, which sectors will thrive this year? Which sectors should be cautious?

CITIC CLSA states, "Industries related to fire will experience significant breakthroughs. As fire generates earth, earth-related industries will continue to have good fortune. On the other hand, gold-related industries suppressed by fire and water-related industries restraining fire will face challenges. Wood can fuel fire, so wood-related industries will remain stable and even rise."

Specifically, **the bank predicts that industries belonging to the fire element will have good luck, including technology, pharmaceuticals, chemicals, and even religion**; industries belonging to the earth element will be as solid as a rock, with livestock and valuation industries flourishing; industries belonging to the metal element, such as banking, automobiles, and heavy machinery, may indicate a bright future but still face challenges.

Furthermore, "a major flood in late summer may bring a wave of opportunities for wood-related industries," including publishing, arts, and other sectors; water-related industries such as frozen food and investigative news may be involved in disaster relief activities, and late summer and autumn may become peak seasons for tourism, transportation, and logistics.

 Do you believe in this "mystical" prediction?

The market is risky, and investment needs to be cautious!

Looking back, the rabbit year prediction by CITIC Lyon was really disappointing...

### Related Stocks

- [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md)
- [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/en/quote/STECH.HK.md)

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