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HSBC PB: Mildly overweight on global equities for 2H20, staggered and U-shaped recovery expected

Fan Cheuk Wan and Patrick Ho, HSBC

HSBC Private Banking has shifted its view on global equities from neutral to mildly overweight, in expectation of a staggered and U-shaped recovery with bottoming economic indicators and unprecedented monetary stimulus. As market volatility peaked in March amid a second wave of outbreaks for COVID-19, Fan Cheuk Wan, chief market strategist for Asia at HSBC Private Banking said in a…

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