Futu Securities' chief analyst Tan Zhile expressed optimism about Hong Kong stocks in 2026 despite challenges such as interest rate fluctuations, the Fed's rate-cut cycle, and rising HIBOR. Looking ahead to next year, driven by valuation adjustments and growth in the tech sector, the Hang Seng Index is projected to reach 31,000 points. Should macroeconomic conditions improve and corporate earnings sustain growth, the target could rise to 34,000 points in an optimistic scenario.
Tan noted a clear recovery in Hong Kong's IPO market this year, with several large listings boosting market activity. The Hang Seng Index has shown strong gains, alongside robust performances in commodities like gold and silver. In 2025, Hong Kong equities—particularly the Hang Seng Index and Hang Seng Tech Index—outperformed major global benchmarks, with significantly higher trading volumes reflecting substantial capital inflows. The market is expected to maintain steady growth next year.
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