Economics
Hong Kong Stocks Seen Breaching 25,000 for First Time Since 2008
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Hong Kong stocks will rise next year as China’s growth stabilizes and the global economic outlook improves, according to RBC Global Asset Management and HSBC Global Asset Management.
The Hang Seng Index may advance to 25,000 in 2013, the first time since May 22, 2008, according to the median estimate of 11 strategists surveyed by Bloomberg News. That’s a 10 percent increase from yesterday’s close of 22659.78. The Hang Seng China Enterprises Index of mainland companies may rise to 12,500, also a 10 percent gain from yesterday, according to the estimates.