Fill your boots with Hong Kong stocks say Feng Shui masters

CLSA''s Feng Shui Index predicts the Hong Kong stockmarket will remain weak this month ahead of a strong finish to 2000.

If CLSA's Feng Shui Index is anything to go by, the first half of October is a good time to fill your boots with Hong Kong stocks ahead of a strong market rally throught to year-end. The index, put together in January, indicates the magnitude and direction good or bad of mystic forces for the year. So far it has been reasonably accurate - when the index has been positive the Hang Seng Index has improved and when the index has been negative the blue-chip benchmark has been in retreat.

CLSA chart

If the relationship holds true, the HSI is poised for its biggest and best rally of the year from late October...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222