Consolidation forecast for Hong Kong and China stocks
Fund manager Legg Mason expects stock markets in Hong Kong and China to consolidate in the absence of further government stimulus measures. However, the firm remains bullish on certain sectors including property, cement and autos.
Fund manager Legg Mason says Hong Kong and Chinese stocks will consolidate at current levels in the absence of fresh stimulus measures and will only be driven higher by positive corporate earnings.
Without new fiscal or monetary packages from the government to stimulate the economy further, investors are likely
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