Svmuu News: HSBC strategists have halved their exposure to U.S. stocks and shifted toward increasing investments in emerging markets and Europe, citing the latter’s current strong economic conditions and growth in key cyclical indicators—such as consumer spending and manufacturing—over the past two months. The strategists stated: “ ‘We are actively aligning with this stronger cyclical growth trend, and our allocation to non-U.S. equities has increased.’ The strategists believe that positive technicals, positioning, and market sentiment can offset volatility driven by concerns over geopolitics, trade, and artificial intelligence. So far this year, the S&P 500 has risen 1.5%, while the global equity index excluding U.S. stocks has gained 11%, and the emerging markets benchmark index has risen 15%. (Jin Shi)