HK Stock Market Isn’t Representative of What’s Going on, Says Nomura’s McCafferty

The video discusses the Hong Kong market, highlighting its international nature and the impact of political protests on its economy. It explores the role of Hong Kong in US-China relations, particularly as a potential bargaining chip in trade negotiations. The video also analyzes earnings growth and market valuations in Asia, comparing them to the US and Japan, and discusses the implications for future market trends.

What is a significant factor affecting Hong Kong's economic activity as discussed in the first section?

• The education system

• The tourism industry

• The weather conditions

• The local protests

How might Hong Kong be used in US-China relations according to the second section?

• As a military base

• As a cultural exchange hub

• As a tourist destination

• As a bargaining chip in trade negotiations

Why are some Chinese companies choosing to list in Hong Kong instead of the US?

• Because of discouragement from US commentators

• Due to better weather conditions

• For tax benefits

• To access a larger consumer base

What is the expected earnings growth for Chinese companies in 2020 as mentioned in the final section?

• 10%

• 30%

• 40%

• 20%

Which market is trading at 18 times earnings according to the final section?

• China

• Hong Kong

• Japan

• US