Zhang Zhaocong: Macro Narrative Shifts, Gold and Hong Kong Stocks Favoured

The Hang Seng Index rose 877 points yesterday to close at 24,796 points, with turnover of $356.6 billion. Zhang Zhaocong noted that after the US Democratic Party came to power, many narrative shifts emerged in global financial markets and macroeconomic factors, greatly affecting stocks, bonds and commodities and bringing new opportunities, among which whether gold prices will reverse trend is worth watching.