
Zheshang Securities and CCB International predict the Hang Seng Index will consolidate between 22,500 and 26,000 over the next three months, with downside risks, as the benchmark hovered near 24,522.90 early Wednesday.
AI-generated summary
The Hang Seng Index was little changed at 24,522.90 early on Wednesday, reflecting market uncertainty as brokerages forecast consolidation.
The two markets were likely to consolidate throughout the rest of the year to digest the negatives before settling on a clearer direction, according to brokerages including Zheshang Securities and CCB International.
CCB International, the investment banking unit of China Construction Bank, predicted that the Hang Seng Index would trade in a narrow range between 22,500 and 26,000 over the next three months, with risks skewed to the downside. The benchmark was little changed at 24,522.90 early on Wednesday.
AI outlook — possibilities, not facts
Hang Seng Index will trade between 22,500 and 26,000 over the next three months
Likely · Within months
Risks to the Hang Seng Index are skewed to the downside
Likely · Within months

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