Friday, January 18, 2019
Martin Hennecke

Volatile week forecast
Hong Kong stocks will be volatile this week, an analyst said, forecasting the Hang Seng Index to stay around 30,500.

Worries over a US-Sino trade war have eased, so political conflict and currency exchange would be what causes significant fluctuations in the market, said Stevan Tam, director of research from Fulbright Financial Group. The oil and gold sectors will benefit from the political controversy while worries about local rate hikes are likely to the shock property and real estate investment trust sectors, Tam said. China will release vital economic data tomorrow, and the first quarter gross domestic product is to be in focus. Some listed companies will release their financial results for the first months of 2018 as well this week. The HSI gained 963 points, or 3.2 percent, and ended at 30,808 last week.

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