Hong Kong Equity Market May Still Be A Falling Knife Without Fundamental Changes
Alicia García Herrero (Natixis) | Although the chorus of voices saying Hong Kong stocks would bottom out grew louder in the last few months of 2021, we held the view that policy risk could linger for further underperformance. Indeed, the Hang Seng Index ended the year with -14%, which was a clear divergence versus other major markets. The question now is whether this gloomy picture on Hong Kong equities might…