<div id="readability-page-1">HSBC's bullish stance: HSBC doubled down on an overweight in global equities, focusing on emerging markets, Japan, and Europe, despite recent volatility. Market shock factors: A hot May jobs report, surging Treasury yields, and semiconductor sell-offs erased trillions in market value and rattled sentiment. Inflation data watch: Wednesday's CPI report could shift Fed policy expectations and determine whether markets resume their rally or face deeper correction.</div>

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<p>HSBC maintains a bullish stance on global equities, increasing its overweight position in emerging markets, Japan, and Europe despite recent volatility. Market sentiment was shaken by strong May jobs data, rising Treasury yields, and semiconductor sell-offs. The upcoming CPI report is critical, as it may shift Federal Reserve policy expectations and determine whether markets resume their rally or face further correction.</p>

- HSBC maintains an overweight position in global equities, particularly in emerging markets, Japan, and Europe, amidst recent market volatility.  
- Key factors influencing the market include a strong May jobs report, rising Treasury yields, and declines in semiconductor stocks, which collectively impacted market confidence significantly.  
- The upcoming CPI report on Wednesday may alter Federal Reserve policy expectations and will be crucial in deciding if markets will rebound or face further declines.

HSBC urges staying long on equities despite market jitters