Cited from Malaysia's Sinchew Press: The Possible Impact on HK and S'pore if US Fed Rate hikes (by UBS)
http://biz.sinchew.com.my/node/102262?tid=7

Hi, guys. KLCI is expected to rally all the way until the release of 2015 national budget in October. Market speculates that construction and oil industry will still have positive growth prospects as there are more major infrastructural development projects to come and pending Petronas CAPEX with which more contracts will be rewarded. Probably, the revision of 'sin' tax and imposition of GST will dampen the retail sector, high-end property sector and gaming sector.