HSBC Private Banking Sees Positive Medium-Term Outlook For Stocks

HSBC Private Banking and Wealth Management North Asia Chief Investment Officer Ho Wai-wah said the Federal Reserve's increased focus on inflation has not changed its positive medium-term view on equities, according to Ming Pao. He said U.S. economic activity remains resilient and earnings momentum continues to expand across industries and regions. HSBC Private Banking is maintaining an overweight stance on U.S. stocks and favors areas with structural growth potential, including AI commercialization and infrastructure, reindustrialization, power investment and security-related industries. It is also more constructive on sectors supported by structural trends, including information technology, industrials, financials and commodities.