Transcription of Third Quarter 2003 - Hang Seng Bank Limited
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Third Quarter 2003 - Hang Seng Bank Limited
3Q 2018 investment outlook 13 Jul 2018. Global Market As the trade war intensified, developed stock markets were volatile in 2Q18, and are expected to remain turbulent through 3Q18. The US stock markets are supported by earnings growth. In particular, the Russell 2000 Index, consisting mainly of small-caps and focused more on local business operations, is relatively immune to effects of the trade war and should be better positioned. Economic growth in Europe and Japan has slowed down and companies in these regions recorded lacklustre 1Q results. As a result stock prices remained static, prompting us to take a cautious approach. Emerging Market Emerging stock markets fell considerably in the second Quarter due to capital outflows and currency depreciation.
3Q 2018 Investment Outlook 13 Jul 2018 Page 1, Total 29 Pages Global Market As the trade war intensified, developed stock markets were volatile in 2Q18,
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