Analysts: Mainland and Hong Kong stocks expected to be volatile in fourth quarter as multiple risks rise

Analysts warn that mainland and Hong Kong stocks are expected to be volatile in the fourth quarter, facing risks such as weak stimulus measures from Beijing, tightening US financial conditions and shifts in the artificial intelligence trade narrative. Brokerages Zheshang Securities, CCB and others estimate that both markets are likely to consolidate for the rest of the year, with a clearer direction emerging only after negative factors are digested.