Hong Kong tipped to top Asian stockmarkets in second half

Contrary to analyst expectations, FinanceAsia’s pollsters pick the HSI to outperform the ASX in the second half.

Respondents to our web poll last week tipped Hong Kong's stockmarket to outperform its biggest regional rivals in the second half of 2010.

Pitched against Seoul, Sydney and Tokyo, our readers came out strongly in favour of Hong Kong. Analysts agree that the city's main Hang Seng Index will perform well during the coming six months. Citi is forecasting it to rise to 23,300 by year-end, which is a 16% gain from yesterday's close.

Forecasts for Australia's main index are even more bullish, however. Citi predicts the ASX 200 will reach 5,500 by the end of December, up 26% from yesterday's level. The Nikkei and the Kospi are both predicted to post much...

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