Hong Kong’s battered stock market is poised for a turnaround

BEIJING: Hong Kong stocks will end the year on a high note after handing investors the world’s worst returns this quarter.

That’s according to analysts in a Bloomberg survey, who say attractive valuations, easing trade tensions and stimulus measures from Beijing will help lift the Hang Seng Index about 7.9% by the end of December from Wednesday’s close. History is on their side, with data since 1989 showing stocks rise an average 5.9% in the final three months of the calendar year, at least twice as much as any other quarter.