0331 GMT - The Hong Kong equity market will likely transition to a slow bull market with more broad-based gains, CGS International analyst Edith Qian says in a research note. The Hong Kong market has experienced a narrow-based rally since late January, driven by tech stocks with direct exposure to AI and intelligent driving themes, the analyst says. CGS International thinks the initial phase of the rally is over but that the long-term re-rating story has just begun, despite external uncertainties. Gains will likely be more broad-based moving forward, rather than concentrated on a handful of tech leaders, Qian says. The consumer sector could benefit from Beijing's stimulus policies while technology stocks could continue to re-rate on AI advancements, she adds. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 23:32 ET (03:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.