Morgan Stanley Investment Management: Expect more positive factors in the Hong Kong stock market in the fourth quarter

Morgan Asset Management stated that it expects more positive factors in the Hong Kong stock market in the fourth quarter. Last week, the Hong Kong stock market remained stable, with a weekly increase of 81 points, and the market is focusing on the Third Plenary Session to be held next week. The net inflow of Northbound funds last week was HKD 10.9 billion, with China Construction Bank and Industrial and Commercial Bank accounting for more than half. Morgan Asset Management believes that domestic interest rates and bond yields are relatively low, cash returns are not high, but still attractive to Northbound funds. In terms of stock selection, the old economy sector and high dividend stocks have performed steadily, while consumer stocks need to pay attention to consumer spending power. Investors may consider adding positions in the Hong Kong stock market after observing for a period of time. It is expected that there will be more positive factors in the stock market in the fourth quarter