Year of the Dog Should be Exciting for Hong Kong Stocks
While it’s difficult to pin down which way Hong Kong’s Hang Seng Index will go in the Year of the Dog, if the past is any indication it definitely won’t be boring. For the superstitious among us, going back to 1970 the equity benchmark has registered a gain or loss of at least 30 percent during each of the past four calendar years in which the Chinese Zodiac rolled around to the canine portion of the 12-year cycle. The index is off to a rough start in 2018 already, down 2 percent ahead of Lunar New Year on Feb. 16.
— With assistance by Li Zhao