Goldman Sachs downgrade Hong Kong stocks to underweight

Goldman Sachs downgrade Hong Kong stocks to underweight.

• Hong Kong stock valuations are not high, but don’t offer much economic or earnings growth
• property and retail sectors remain under pressure
• economy may not benefit as much from policy support in China
  as it previously has, given China’s focus on bolstering the
  domestic economy

This article was written by Eamonn Sheridan at www.forexlive.com.