HSBC Fan Cheuk Wan on Asian Markets Strategy

The video discusses the current market volatility and the Federal Reserve's hawkish policy, predicting continued interest rate hikes. It provides an outlook on equity markets, highlighting investment strategies and opportunities, particularly in the US and Hong Kong. The discussion also covers the potential in Chinese and other emerging markets, with a focus on policy clarity and economic normalization.

What are the main factors contributing to the expected volatility in the fourth quarter?

• Weak labor market in the U.S.

• Strong U.S. dollar and high bond yields

• Decreasing corporate earnings

• Federal Reserve's dovish policy

What is the anticipated peak interest rate by the Federal Reserve by February next year?

• 3.5%

• 4.625%

• 5.0%

• 4.0%

Which market is considered most resilient to recession risks according to the investment strategy?

• ASEAN market

• European market

• North Asian market

• U.S. market

What sector in Hong Kong is expected to benefit from the economic normalization?

• Technology sector

• Aviation sector

• Energy sector

• Healthcare sector

Why is there a neutral position on the Chinese equity market?

• High inflation rates

• Strong economic growth

• Stable property market

• Policy uncertainties and lack of clarity

What is the current valuation concern regarding the Indian equity market?

• Low growth expectations

• Demanding valuation at 20 times PE

• High trading volume

• Lack of foreign investment

Which markets are considered vulnerable due to the global slowdown and semiconductor cycle downturn?

• Middle Eastern markets

• Taiwan and Korean markets

• European markets

• ASEAN markets