Reported 10 months ago
HSBC held the '2024 Second-Half Investment Outlook' event, where Fernanda Hernandez, Chief Investment Officer of HSBC Global Private Banking and Wealth Management in Asia, suggested investors to 'overweight' their stock investments, highlighting Taiwan's leadership in the Asian stock market. She emphasized the rapid growth of AI and semiconductors, with earnings outlook surpassing Europe and America. Hernandez believes AI is still in its early stages and won't experience a bubble like in 2000. HSBC's strategy includes overallocating to global stock markets and focusing on regions with high earnings growth like Japan, India, and South Korea, with South Korea expected to have the highest earnings growth in 2024 at 72.8%.
Source: YAHOO