CICC’s chief overseas and Hong Kong equities strategist Liu Gang said the Hang Seng Index may face short-term selling pressure but is unlikely to fall sharply, while the firm maintains its year-end target of 27,000 to 28,000, according to Ming Pao.
Speaking after hosting CICC’s media briefing on its capital market outlook for the second half of 2026, Liu said the Hang Seng Index has underperformed major benchmarks in the U.S., South Korea and Taiwan so far this year. He attributed the lag mainly to the Hang Seng’s heavyweight constituents having relatively fewer stocks that benefit from a surge in AI-related capital expenditure.
Liu added that the recent increase in selling pressure on the Hang Seng Index is mainly linked to rising market expectations for U.S. interest rate hikes this year.
STOCKS | CICC Strategist Liu Gang Keeps Hang Seng Year-End Target at 27,000-28,000
2026-06-24 06:02:38
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