Morgan Asset Management: Performance period dominates Hong Kong stocks' August trend; Federal Reserve's delay in interest rate cuts is beneficial for risk assets
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Morgan Asset Management strategist Zhou Huan Tong expects that Hong Kong stocks will experience a brief consolidation in August, with performance being a key factor. Despite the Hang Seng Index falling 3.5% last week, large bank stocks and the Federal Reserve's interest rate direction will influence market volatility. She believes that the Federal Reserve's delay in interest rate cuts is beneficial for risk assets, especially AI-related technology stocks. As more overseas investors focus on the mainland China and Hong Kong stock markets, the electric vehicle and biotechnology sectors will also benefit
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