Tsang Chun-wah, the Financial Secretary, will outline the 2016-17 Budget in the Legislative Council today. We suggest investors to pay attention to the housing measures, which may give volatility to local property stocks’ prices.
Ali al-Naimi, Saudi Arabia’s petroleum minister, said Saudi and other oil producers would not cut oil production to reduce the supply glut. We estimate that the news would drag down the prices of oil related stocks.
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