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| HSI1 | 24,448.95 | -32.91 | 173.71B |
| HSCEI1 | 8,260.15 | -13.95 | 54.80B |
| Back Zoom + Zoom - Block Traded | |
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2026-11-09 13:14:19 Global equity markets have recently experienced a rare tail shock, CLSA said in a research report. As market cycle support waned, the MSCI ACWI fell 3% on Nov 5; however, earnings sentiment remains broadly positive and credit markets have yet to break down. The broker viewed this as a correction within the bull market that began in Oct 2022, rather than the end of it. Historical data showed that markets tend to move sideways after similar shocks with volatility for about one month, while quality and high-dividend stocks provide the best protection. The broker noted that the shock was triggered by policy factors. Markets initially welcomed the Democratic Party's landslide victory in the midterm elections, but from the following day began pricing in a less accommodative stance by Congress toward data center construction, electricity demand and AI capital expenditure, hurting AI-related trades. Strategically, quality and high-dividend stocks have historically delivered the best risk-adjusted returns after market shocks. CLSA recommended defensive positioning through baskets of quality, high-yield and large-cap blue-chip stocks, while advising investors to avoid high-risk momentum stocks. ANTA SPORTS (02020.HK), GEELY AUTO (00175.HK), NONGFU SPRING (09633.HK) and CONTEMPORARY AMPEREX (300750.SZ) were all assigned either Outperform or High Conviction Outperform ratings by CLSA. ~ AASTOCKS Financial News Website: www.aastocks.com | |