Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. A selloff in the riskier corners of the global market deepened, with stocks plunging and traders rushing to the safety of bonds as concerns about a slowdown in the world’s largest economy intensified. Photographer: Michael Nagle\/Bloomberg <\/p>\n
(Bloomberg) — Money managers are scaling back their bearish stance on China, adding technology and consumer stocks to their portfolios amid a four-month-long rally, according to an HSBC Holdings Plc survey.<\/p>\n
Mainland China currently accounts for almost 28% of portfolios across nearly 300 actively-managed emerging-market funds overseeing a combined $617 billion, the survey shows. That\u2019s up from 22.5% a year earlier, though the group as a whole remains 340 basis points underweight.<\/p>\n
Most Read from Bloomberg<\/p>\n
\u201cDemand for mainland China has improved since April, with the underweight narrowing by about 60 basis points,\u201d the bank\u2019s head of global equity strategy Alastair Pinder and analyst Pankaj Agarwala wrote in a report Tuesday.<\/p>\n
<\/p>\n
The shift comes amid a strong year for Chinese equities, with stocks listed on the Shanghai or Shenzhen Stock Exchanges poised for their fourth straight month of gains. China\u2019s tech shares got a boost at the start of 2025 thanks to the nation\u2019s progress in generative artificial intelligence. Investors are also getting more confident about China\u2019s ability to weather US President Donald Trump\u2019s tariffs as officials continue to negotiate.<\/p>\n
Investors surveyed by HSBC boosted their allocations to shares of Alibaba Group, Xiaomi and BYD. Alibaba is among the biggest contributors for gains in a benchmark emerging-market index this year.<\/p>\n
Elsewhere, Latin America remains a consensus overweight among EM stock pickers, with MercadoLibre among favored picks. Investors are also showing renewed interest in South Korea following its June elections, while paring back positions in Poland after a strong year-to-date rally.<\/p>\n
Most Read from Bloomberg Businessweek<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. A…\n","protected":false},"author":2,"featured_media":10039,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[4932,79,381,9748,179,18,9747,9745,19,17,9744,9746,1402],"class_list":{"0":"post-10038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bloomberg","9":"tag-business","10":"tag-china","11":"tag-consumer-stocks","12":"tag-economy","13":"tag-eire","14":"tag-global-market","15":"tag-hsbc-holdings-plc","16":"tag-ie","17":"tag-ireland","18":"tag-mainland-china","19":"tag-nasdaq-marketsite","20":"tag-stock-market"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/10038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=10038"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/10038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/10039"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=10038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=10038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=10038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}