TechFlame News - According to Jinshi reports, HSBC strategists have halved their exposure to U.S. equities and increased investments in emerging markets and Europe, citing the strong economic conditions in the latter. Over the past two months, key cyclical indicators such as consumption and manufacturing have shown growth. The strategists noted that positive technical factors, positioning, and market sentiment can offset concerns related to geopolitics, trade, and artificial intelligence. So far this year, the S&P 500 has risen by 1.5%, while the global stock index excluding U.S. equities has gained 11%, and the emerging markets benchmark index has increased by 15%.