This weekend is the last weekend before the Chinese New Year 2014 (Lunar New Year). Expected traffic jammed in town center as a lots of people must be rushing to town center to do the final shopping before celebration.
This year is year of Snake, the sixth in Chinese Zodiac. 2014 is the year is Horse, with the Year of the Horse nigh, investment bank CLSA has unveiled its 2014 Feng Shui Index. The annual tongue-in-cheek gauge, based on the attributes of the 12 Chinese zodiac signs, predicts the performance of Hong Kong’s Hang Seng Index.
This year, CLSA believes the Hang Seng will rise from Jan. 31, the start of the new lunar year, through the end of July. Strong fire signs — the element that symbolizes wealth — will burn under Hong Kong’s fashion, Internet and telecommunications industries, says CLSA investment analyst Mariana Kou.
People born in the year of the horse, which runs through Feb. 18, 2015, will be especially lucky if they invest in stocks in Hang Seng, Ms. Kou says.
In the second half of the year, however, the fires under the Hang Seng are expected to die down through December. The last month of 2014 sees the rise of the sign of the rat, the animal that represents direct opposition to the power of the horse.