# HSBC trims India equity exposure to boost South Korea, citing Korea's explosive earnings growth.

*business · news · 2026-04-28 · The Economic Times*

## Key points

- HSBC reduced India equity exposure to increase allocation to South Korea due to surging Korean earnings.
- South Korea's earnings growth forecast jumped from 50% to over 200% since early 2026.
- Van der Linde predicts India's earnings growth will recover to 13–15% by FY27 after prolonged downgrades.
- HSBC identifies technology, healthcare, property, banking, and new distribution companies as India's next growth drivers.
- Currency depreciation is not a major concern as Indian equities can still deliver 7% returns in USD terms.

**Companies:** HSBC
**Countries:** India, South Korea

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/expert-view/hsbc-cuts-india-exposure-bets-on-korea-but-says-indias-best-days-are-still-ahead/articleshow/130573395.cms)

---

Canonical: https://newsio.io/n/1348bf5e-7a50-4bd6-94e5-6fafc5642d11/hsbc-trims-india-equity-exposure-to-boost-south-korea-citing-koreas-explosive-ea
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works