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Year of the Tiger: avoid March, September pitfalls as Hang Seng makes amends for a poor, defeated Ox, CLSA’s Feng Shui Index shows
- Luck will smile on investors born in the years of the horse, rabbit, goat and pig, according to the tongue-in-cheek index compiled by CLSA
- The Water Tiger signifies good prospects for industries related to shipping and cross-border trade
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Hong Kong-listed stocks are likely to scale the charts in the Year of the Tiger, making amends for a dodgy past 12 months. Luck will smile on investors born in the years of the horse, rabbit, goat and pig, according to the annual Feng Shui Index compiled by CLSA.
The Hang Seng Index will get off to a roaring start when the new year based on the Chinese calendar kicks in from February 1, analysts Justin Chan and Stella Liu said at a briefing on Tuesday. March and September are potential pitfalls, they added.
“The noble tiger will lead us on a journey of twists and turns that finishes on a high note,” they said.
In the year of the Water Tiger, the lack of fire or metal presages a year of sudden changes. The Hang Seng’s lucky elements are fire and wood, so wood’s abundance in the Water Tiger’s destiny chart bodes well for Hong Kong’s market, they added.
The Water Tiger signifies good prospects for industries related to shipping and cross-border trade, they said. The internet sector, however, may lose some of its shine. Its natural element being fire means investors should expect a “mediocre outlook.”
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