HSBC downgrades stocks in China and India

The bank, Europe's largest, downgraded China stocks from "overweight" to "neutral," and lowered its outlook for India stocks from "neutral" to "underweight."

They noted that health-care and high-growth technology stocks have made gains on the back of work-from-home and other pandemic-related trends and that a rotation back to value "may weigh on further upside" in China.HSBC said it downgraded India because "much of the recent rally has already played out." The FTSE India has underperformed the broader region despite gaining around 40% from its market bottom in March.

The bank also pointed to "resilient" semiconductor demand and "a long-term growth story of rising demand for cloud and memory."

Stocks are just made up. Invest in stale bread and gold and you can retire in 5 years.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market news: Global stocks tumble after China GDP data - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Whenever I hear any positive financial news out of China I automatically think luckincoffee Barnes_Law Business insider globalists tool
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Stock futures fall as China data weighs ahead of bank earnings, economic dataU.S. stock index futures fell on Thursday after a surprise drop in China's retail sales signaled a bumpy economic recovery, with investors now turning to the next set of quarterly bank earnings and economic data to gauge the pace of a domestic rebound.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »