New Delhi [India], August 4 (ANI): Despite a complex macro backdrop and volatile inflation, AI-driven performance and broadening profit growth could benefit tech-adjacent sectors such as industrials and infrastructure, as well as emerging markets, according to a report by HSBC Asset Management.
The fund house noted in its report that the US-Iran Memorandum of Understanding has helped ease geopolitical tensions, with oil prices falling below late February levels. At the time of reporting, Brent crude was trading at around USD 84.75 per barrel, while crude oil was trading at around USD 81.02 per barrel.
Additionally, supply constraints in non-oil commodities have also eased. 'This should reduce tail risks for global growth and inflation,' it noted.
The report highlighted that the AI investment boom is offsetting weaker conditions elsewhere, with growth expected to broaden as strong corporate profits support non-tech capital spending and lower energy prices boost consumption. European growth remains subdued, while Asia's AI-led industrial upcycle faces energy constraints.
According to HSBC Asset Management, AI had continued to drive market earnings and performance, but tech-adjacent sectors such as industrials and infrastructure could emerge as the next leaders. This broadening trend may benefit emerging markets, further supported by moderating oil prices.
स्रोत: sierraleonetimes.com
