Hang Seng Investment: Expects US stocks to remain relatively volatile in the short term, optimistic about the mainland and Hong Kong markets
The head of stock investment at Hang Seng Investment Management Limited, Xie Dehua, stated that U.S. stocks will become relatively volatile in the short term due to the U.S. government's tariff measures, and the market is reassessing the impact of Trump's policies on the economy. Although a slowdown in U.S. economic growth is expected in the short term, it remains resilient, with a low risk of recession. The firm is optimistic about the mainland and Hong Kong markets, believing that breakthroughs in AI technology will drive the revaluation of Chinese technology stocks, and holds an optimistic view on consumer stocks benefiting from domestic demand recovery
According to the Zhitong Finance APP, Xie Dehua, the head of stock investment at Hang Seng Investment Management Limited, stated that U.S. stocks are expected to remain relatively volatile in the short term due to measures such as the global equivalent tariffs and retaliatory tariffs announced by the U.S. government, which to some extent reflect the market's reassessment of the impact of Trump's policies on U.S. economic growth.
He mentioned that the firm believes potential tax cuts and regulatory easing policies could provide momentum for U.S. stocks, and the long-term profitability of U.S. stocks can still be maintained. Although the firm expects U.S. economic growth may slow in the short term, the U.S. economy remains resilient, and the risk of recession is low. The firm holds a cautious outlook on the overall performance of U.S. stocks in the short term and maintains the expectation that the U.S. will cut interest rates twice this year.
Xie Dehua pointed out that artificial intelligence is driving the revaluation of Chinese technology stocks, with a positive outlook for the mainland and Hong Kong markets. He indicated that breakthroughs in AI technology, along with the mainland government's positive signals supporting private enterprises, are expected to continue boosting corporate and investor confidence, promoting the widespread application of AI, and further enhancing operational efficiency and profitability, aiding in the revaluation of Chinese technology stocks.
He continued that from an investment portfolio perspective, due to DeepSeek's breakthroughs in the field of artificial intelligence and the clear support from the mainland government, the firm remains optimistic about mainland information technology and internet companies, believing these companies will directly benefit from the rapid development of AI in the mainland. The firm also has a positive outlook on certain consumer stocks that will benefit from the recovery of domestic demand