Year of the Tiger: avoid March, September pitfalls as Hang Seng makes amends for a poor, defeated Ox, CLSA’s Feng Shui Index shows
- Luck will smile on investors born in the years of the horse, rabbit, goat and pig, according to the tongue-in-cheek index compiled by CLSA
- The Water Tiger signifies good prospects for industries related to shipping and cross-border trade
The Hang Seng Index will get off to a roaring start when the new year based on the Chinese calendar kicks in from February 1, analysts Justin Chan and Stella Liu said at a briefing on Tuesday. March and September are potential pitfalls, they added.
“The noble tiger will lead us on a journey of twists and turns that finishes on a high note,” they said.
The Water Tiger signifies good prospects for industries related to shipping and cross-border trade, they said. The internet sector, however, may lose some of its shine. Its natural element being fire means investors should expect a “mediocre outlook.”
“Since water is the star of the year, trade, shipping and travel should pick up, holding steady over the summer before pushing higher in winter,” CLSA said. “In contrast, metal is entirely absent this year, bringing challenges to the financial markets.”