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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: What does the future hold for US and Chinese equities?
Description: In its midyear outlook, HSBC Asset Management said the U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024.” These recessionary fears, coupled with geopolitical uncertainties, haven't been music to the ears of US equities, which posted their worst week since March last week. So can we expect US equities to rebound? Asian markets as well have been jittery. China’s CSI 300 Index, which tracks the 300 most valuable stocks on the Shanghai and Shenzhen exchanges, has dropped nearly 9.3 per cent from a January high. Will C...