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Lam said metal is also positive, boding well for banking and financials, currency trading, autos and commodities. Fire will be lackluster because of the "overwhelming effects" of water, so associated industries like oil and gas, telecoms, technology and utilities will suffer. Garment, fashion, retail and other companies associated with wood will be relatively stable while earth-related sectors like agriculture, construction, property, building materials and resources will be disappointing. Hong Kong's benchmark Hang Seng Index will steer a serpentine course, the report predicted, slithering to a high at the end of July before sliding to a low by the start of October. It's expected to zigzag further before ending the year higher. Analyst Philip Chow acknowledged that the predictions aren't supposed to be taken seriously, saying that the firm's investment research focused on "bottom up" fundamentals. ___ Online: http://bit.ly/14Rqarh
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