【Major Bank Views】Morgan Asset Management Zhou Huantong: Hong Kong and China Stocks Show Strong Resilience, Medium to Long-term Dip-buying Opportunities Emerging

SocialAnxietyStaker · 2026-03-16T07:17:10+00:00

This week, Hong Kong stocks are focused on the Iran situation, the Federal Reserve's interest rate decision, and major technology companies' earnings. The market is paying more attention to geopolitical factors than other considerations. Morgan Asset Management believes that Northeast Asian stock markets have already created room for absorption, and recent AI and semiconductor concepts are supporting the stock market. Investors will pay attention to technology stocks' earnings and the Federal Reserve's views on inflation and employment.

SocialAnxietyStaker

2026-03-16 07:17:10

Abstract generation in progress

Hong Kong stocks face three key factors this Wednesday: (1) the Iran conflict situation, (2) Federal Reserve interest rate decision, and (3) performance of major technology companies. Investors admit that geopolitical concerns are clearly overshadowing the other two factors, and it is expected that the stock market will continue to fluctuate in response to conflict news. Morgan Asset Management global market strategist Zhou Wantong believes that there is currently room for absorption in Hong Kong stocks.

North Asian markets have room for bargain hunting

Morgan Asset Management global market strategist Zhou Wantong pointed out that North Asian stock markets have been sold off by retail investors over the past week. Among them, the Hong Kong and China markets fell less, mainly because A-shares are relatively less sensitive to external volatility, and recent themes like artificial intelligence (AI), semiconductors, and 6G discussed at the two sessions continue to ferment, supporting the stock markets.

She said that, based on historical analysis, markets recover quickly after geopolitical crises, and believes that medium- to long-term investors now have opportunities to buy on dips.

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Tencent (00700) and Alibaba (09988), two major tech giants, will release earnings on Wednesday (18th) and Thursday (19th). She admitted that the market is currently more concerned about geopolitical changes than earnings seasons, but believes there is still considerable upside potential in the tech sector.

Investors used to worry about leading companies investing heavily in AI, but now capital expenditure remains large, and AI themes are expected to continue attracting attention. As for the recent stock price volatility of ‘lobster concept’ stocks and software stocks, it is still uncertain who will be the winners or losers in the AI industry, so the hardware manufacturers in the sector are relatively optimistic.

Regarding the Federal Reserve interest rate decision, she admitted that in tense situations, the market prefers to know whether the authorities prioritize inflation control or employment in their dual objectives. It is also necessary to consider the impact of oil prices on inflation to judge the pace of rate cuts. However, she believes that even if inflation rebounds, it may not force the authorities to resume rate hikes.

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