HSBC Private Banking has taken a more defensive stance in Asia by downgrading the region’s equities from slightly overweight to neutral. Fan Cheuk Wan, chief market strategist, Asia at HSBC Private Banking, told Asian Private Banker that within Asia equities, the bank has cut exposure to China and Singapore stocks, in particular, to mitigate trade risks. “Although the US administration…
HSBC PB cuts Asia equities in August
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