“The energy supply shock caused by the conflict in the Middle East has shifted the tone for Asian equities as higher energy prices lift input costs, weigh on margins and may change the course of monetary easing across the region,” van der Linde and his analysts write.
HSBC’s head of Asia equity strategy, Herald van der Linde, has upgraded his outlook on Singapore equities to overweight from neutral.
Van der Linde’s assessment of the Singapore market was published in a report he co-wrote with HSBC analysts Prerna Garg, Adam Qi, and Varun Pai on March 31. Titled “Looking beyond the uncertainty,” the report is part of the bank’s “Asia Equity Insights Quarterly” series.
