Hong Kong should enjoy economic tail winds in the second half, thanks to
an improving global outlook, although extremes in the housing market
raise the possibility of unforeseen shocks, according to BOC (Hong Kong)
Holdings.
In a presentation on Tuesday the banks said an improved global outlook will help boost trade activity while ultra-low interest rates will continue to support the housing market and other asset prices.
The upturn in activity will also spill over into the city's benchmark Hang Seng Index, which will likely gather momentum to close in on the 27,000-point level, the bank said.
More news, Hong Kong set to enjoy economic tailwinds in the 2nd half, but beware of housing risks, BOCHK says
Source :
1) www.scmp.com
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