HSBC remains bullish on Asian equites

HSBC’s Global Private Banking chief investment officer has expressed a positive view on most Asian equities for the balance of the year.

Says that Asia remains the most important growth engine of the global economy, citing both GDP and earnings growth for Asia ex-Japan (for 2024):

• 4.6% and 23% respectiveely

Overweight:

• equities in Japan, India, South Korea

Neutral:

• Hong Kong & mainland China

China’s debt-ridden property sector remains a heavy weight

This article was written by Eamonn Sheridan at www.forexlive.com.