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HSBC trims India equity exposure to boost South Korea, citing Korea's explosive earnings growth.
HSBC reduced India equity exposure to increase allocation to South Korea due to surging Korean earnings.
KEY POINTS
- 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
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