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Citi Mildly Raises Yr-End Target for HSI to 25,000, Expects Only Minimal Impact from Middle East Tensions on HK Stocks
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Citi has released its outlook for 2H25, in which it raised its year-end target for the HSI by 2% to 25,000. Assuming that certain progress will be made in China-US relations later this year, the broker set its target for the HSI at 26,000 in 1H26. Regarding the recent Middle East situation, Citi's China equity strategist Pierre Lau believes it has only little impact on Hong Kong stocks. Although the war has driven up oil prices, China is currently in a deflationary environment, and the inflation brought by rising oil prices may not be unfavorable. AAStocks Financial News |
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