Citibank cuts its Hang Seng Index year-end target; there is still a 10% upside buffer. Hong Kong stocks open higher and close flat; Northbound funds see a net outflow of 9.7 billion.

May 15, 2026

Citigroup lowers Hang Seng Index year-end target, still with a 10% buffer
Hong Kong stocks open high and close flat, Northbound funds net outflow of 9.7 billion

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Citigroup slightly lowered the year-end target for the Hang Seng Index yesterday, but there is still over a 10% upside from current levels. Mainland China and Hong Kong stocks opened high and then declined on the first day of the “Xi-Trump meeting,” with the Hang Seng Index nearly unchanged, and Northbound funds net sold 9.7 billion yesterday, the largest single-day capital outflow in five weeks. Citigroup adjusted its earnings growth forecasts for the Hang Seng Index constituent stocks for this year and next year, with the latest estimate for this year’s growth at 9.9%, up 0.8 percentage points from the end of last year, and next year’s growth rate estimated at 11.9%, down 0.4 percentage points.

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