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<Research>BOCOMI: HK Stocks Still Have Structural Support; Domestic Demand Policy Expected to Be Further Enhanced to Support Mkt
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Asia-Pacific markets generally experienced a sharp correction due to the impact of US President Donald Trump's new round of “reciprocal tariffs”, BOCOMI released a research report saying. Hong Kong stocks followed the adjustment of major global stock indices, with a correction of nearly 3,000 points on 7 April. Hong Kong equities showed greater resilience after the correction, mainly due to multidimensional support. Against the backdrop of persistent macro uncertainties, risky assets are facing short-term adjustments. Nevertheless, the broker believed that the Hong Kong stock market still has structural support. From a structural perspective, most of the sectors in the Hong Kong equity market is dominated by domestic demand. As the external environment faces uncertainty, domestic demand policy is expected to be further enhanced to provide support for Hong Kong stocks. AAStocks Financial News |
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