HSBC reshuffles Asian equity recommendations for Q3 earnings
HSBC said Asian equities tend to perform well during Fed hiking cycles and reshuffled recommendations ahead of the third-quarter earnings season.
HSBC said Asian equities have tended to perform well during Fed hiking cycles, rising about 15% on average in the last three such cycles, according to a note issued Thursday as it reshuffled its recommendations ahead of the third-quarter earnings season.