Pictet analyst expects HK stocks to rally this year
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Singapore
PAULINE Dan predicts Hong Kong equities will rebound at least 10 per cent by year-end after a selloff this quarter made the Hang Seng Index the worst performer in developed markets. She's got history on her side.
Shares in the world's fourth-largest stock market have historically performed best in the fourth quarter, with the benchmark gauge recording a 5.8 per cent gain on average, according to data compiled by Bloomberg. After tumbling 21 per cent since the end of June, valuations in Hong Kong are the lowest since 2003 versus global counterparts.
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