Interest rate cut expectations cool, Hong Kong stocks once fell over 500 points, LINK REIT continued to drop nearly 6%, losing the 250-day moving average
Due to internal disagreements within the Federal Reserve regarding interest rate cuts, expectations for rate cuts have cooled, leading to significant fluctuations in the three major U.S. stock indices, while Hong Kong stocks fell by more than 500 points. After Link REIT released its interim results, its stock price continued to drop nearly 6%, falling below the 250-day moving average. JP Morgan downgraded its rating to neutral, with a target price reduced to HKD 38. Bank of America Securities, on the other hand, believes the valuation is attractive and maintains a buy rating, with a target price lowered to HKD 43
