Fubon: US stocks are expected to reach a new high before the end of the year, and Hong Kong stocks may rise to 25,000 to 28,000

The Zhitong Finance App learned that Pan Guoguang, head of the investment strategy and research department at Fubon Bank (Hong Kong), pointed out that US tech giants are investing in the semiconductor business on their own, which is expected to increase their profitability and stock prices. He anticipates that US stocks are expected to reach new highs before the end of the year. Hong Kong stocks are similar to US stocks, and there is an opportunity to follow the upward trend of US stocks and stabilize. Conservatively, it is estimated that they can return to 25,000 to 28,000 levels before the end of the year.

Pan Guoguang said that the semiconductor sector has accumulated a huge increase in stock prices. US tech giants are investing in the semiconductor business on their own, and are also requiring chip companies to use their services. Market sentiment will be reversed. The revenue, profits, and stock prices of the top seven US stocks are expected to resume their upward trend, driving US stocks to new highs before the end of the year.

Another influence on capital market trends is the war in the Middle East. Recently, the conflict is heating up again. Pan Guoguang mentioned that the US is about to hold midterm elections. Currently, the Republican Party election is poor. In order to avoid losing too many seats, there is an opportunity for President Trump to reappear TACO and limit the rise in oil prices.

He added that even if it is difficult for oil prices to rise sharply, they are still at a high level. Countries will need large amounts of capital to subsidize the purchase of oil and support the economy. Some regions will sell US bonds and gold reserves to cash out. Interest on US debt, especially long-term bonds, will continue to be high, and gold prices will continue to adjust, and the bottom will be relatively stable at 3,500 US dollars.