HSBC Securities: US rate cut benefits Asian stock markets, recommends increasing holdings in Chinese and Korean stocks

HSBC Securities stated that the expected interest rate cut in the United States will lower the company's cost of capital, which is beneficial to Asian stock markets. It is recommended to increase holdings of Chinese and South Korean stocks, and to be optimistic about the Indian stock market. Van Jinhua pointed out that Asian economies are still growing, with China remaining the engine of economic growth in Asia. It is expected that China's GDP will grow by 4.9% for the whole year. As for the real estate market, it is expected that mainland China will introduce more policies to stabilize the market