Hong Kong equities outlook healthy, say analysts
Analysts are positive about the outlook for Hong Kong equities despite differing views on the odds of a US recession and concerns about growth in China.
Last week the Hang Seng Index experienced its worst plunge since the terrorist attacks of September 11, 2001, driven by questions about the future of the China growth story and nervousness regarding the likelihood of a recession in the US. However, a number of brokerages remain optimistic that Hong Kong equities could still be an attractive story.
The Hang Seng Index shed more than 5.6% or 1,386 points on Wednesday, after the US markets lost 2.2% the night before....
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