2010 is the year of tiger, the third of the 12 Chinese zodiac signs. The tiger is energetic, optimistic, impulsive and restless and the same characteristics will apply to Hong Kong stocks this year, with the benchmark Hang Seng Index HSI acting much like a bouncy big cat, CLSA foretold in its annual Feng Shui-inspired predictions for the local stockmarket.
Starting from February 14, the Chinese New Year day, the vigorous but hot-tempered tiger will take charge of a lunar year that will bring market volatility in the first half and staggering rallies during the rest of the year, according to a tongue-in-cheek Feng Shui Index report by the brokerage.
Apart from the tiger influence,...
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