[HSBC Strategists Halve U.S. Stock Exposure, Shift to Emerging Markets and Europe] Jin10 News, February 26 – HSBC strategists have halved their exposure to U.S. stocks and instead increased investments in emerging markets and Europe, citing the strong current economic conditions in the latter regions. Over the past two months, key cyclical indicators such as consumption and manufacturing have shown growth. The strategists stated: "We are actively aligning with this stronger cyclical growth trend and have currently increased our holdings in non-U.S. equities." The strategists believe that positive technical factors, positioning, and market sentiment can offset volatility driven by concerns over geopolitics, trade, and artificial intelligence. So far this year, the S&P 500 Index has risen 1.5%, while the global stock index excluding U.S. equities has gained 11%, and the emerging markets benchmark index has surged 15%.