HSBC Strategists Halve US Stock Exposure

Odaily News HSBC strategists have halved their exposure to US stocks and instead increased investments in emerging markets and Europe, as the latter currently enjoys strong economic conditions, with key cyclical indicators such as consumption and manufacturing showing growth over the past two months. The strategists stated: "We are actively aligning with this stronger cyclical growth trend and have currently increased our holdings in non-US stock markets." The strategists believe that positive technical factors, positioning, and market sentiment can offset volatility triggered by concerns over geopolitics, trade, and artificial intelligence. So far this year, the S&P 500 index has risen by 1.5%, while the global stock index excluding US stocks has increased by 11%, and the emerging markets benchmark index has surged by 15%. (Jin10)