News Snapshot:
Alicia García Herrero (Natixis) | Although the chorus of voices saying Hong Kong stocks would bottom out grew louder in the last few months of 2021, we held the view that policy risk could linger for further underperformance. Indeed, the Hang Seng Index ended the year with -14%, which was a clear divergence versus other major markets. The question now is whether this gloomy picture on Hong Kong equities might continue in 2022. Our take is the pressure is probably here to stay, at least for the first half of the year. First of all, Hong Kong’s stock market has...
