HONG KONG: When it comes to this year’s surge in Hong Kong stocks, it paid to root for the underdog.
Equities with the lowest ratings from analysts have driven the market’s Asia-leading gains in 2017, streaking ahead of shares showered with buy recommendations, data compiled by Bloomberg show. While this is frustrating for stock strategists – and the investors who follow their advice – it reflects a pivot in the market’s focus as China’s economic recovery solidifies.
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