HSBC estimates Asian stock markets will grow 15% next year, led by ChinaIndiaThe market led the gains and the improving global economic environment is expected to drive strong momentum in Asia.HSBC willTSMCAnd Delta Electronics is the first choicestore,
HSBC strategists, including Harald van der Linde and Prerna Garg, issued a report saying global monetary policy easing and changes in corporate profit revisions will boost Asian stocks.
The report said: “Scepticism about China’s economic growth may be exaggerated,” while India’s growth prospects are relatively “clear.”
HSBC estimates Asian shares will rise 15% next year, while the FTSE global index will rise 7%.
HSBC maintains an “overweight” rating of the markets of China, India, Indonesia and Thailand; Maintains a “neutral” stance on the markets of Hong Kong, Taiwan and South Korea; and is underweight on the stock markets of Japan, Malaysia, Philippines, Singapore and Vietnam.
Preferred stocks include TSMC and Delta Electronics, as well as Hana Microelectronics, DMart and AmorePacific.