Don't See a Lot of Downside for HK Stocks in 4Q, Says Kingston Securities

The video discusses the historical performance of the Hang Seng index in the fourth quarter, noting its general positive trend over the past 30 years. It highlights the cautious outlook for October due to lack of money inflow and traditional market trends. The impact of recent interest rate hikes by the Federal Reserve and local banks is analyzed, suggesting a positive effect on local banks but mixed implications for the stock market. The correlation between the Hong Kong dollar's strength and the stock market's performance is explored, with a stable outlook predicted for the fourth quarter. Finally, the video examines Tencent's market position, noting changes in Chinese policies and growth rates, and expressing a cautious stance on its future performance.

How often has the Hang Seng Index seen a decline in the fourth quarter over the past 30 years?

• 6 times

• 12 times

• 15 times

• 20 times

What is the general sentiment for the stock market in October?

• Not bullish

• Very bullish

• Extremely bearish

• Neutral

What recent economic event is considered beneficial for local banks in Hong Kong?

• Increase in interest rates

• Decrease in interest rates

• Reduction in government spending

• Introduction of new taxes

What is the relationship between the Hong Kong dollar and the stock market's outlook?

• Weaker dollar, stronger market

• Stronger dollar, weaker market

• Stronger dollar, brighter market outlook

• No relationship

What is the speaker's view on Tencent's growth prospects?

• Extremely pessimistic

• Cautious

• Very optimistic

• Indifferent