MARKETS
SET leads neighbours in HSBC weighting
- Published: 18 Sep 2012 at 00.00
- Newspaper section: Business
HSBC, a world leader in banking and financial services, has recommended that investors overweight on Asian stocks in the next quarter, with Thailand the top pick.
The HSBC said in a report yesterday that Asia's growth is driven by resilient, good outlook. Thailand is highly recommended, followed by Indonesia, China and Malaysia.
The Stock Exchange of Thailand Index has shot up 24.46% this year; one of the highest return among global markets. Local brokers say the SET index may reach 1,300 points sooner than expected, thanks to the US Federal Reserve's third round of quantitative easing announced last week.
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