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HSBC Private Bank: HSI Targeted at 31,000 by End-2026; Fed Expected to Hold Rates Next Yr After Dec Fed Rate Cut
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Patrick Ho, Chief Investment Officer of North Asia at HSBC Private Bank and Premier Wealth, expressed a positive view on the return prospects for the HSI, projecting a target level of 31,000 by the end of 2026, primarily driven by positive market liquidity and earnings trends. China's policy focus on boosting domestic demand is expected to support higher corporate profit margins and drive earnings growth in 2026. Fan Cheuk Wan, Chief Investment Officer of Asia at HSBC Private Bank and Premier Wealth, anticipated that the Fed will cut rates by 25 bps in December. Given the resilience of US economic growth, interest rates may remain unchanged next year. Therefore, as economic cycles and innovation trends persist, any short-term market pullbacks triggered by concerns over tech overvaluation and the Fed's policy outlook are expected to be relatively moderate in volatility and temporary in nature. AAStocks Financial News Website: www.aastocks.com |
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