More investors turning sour on emerging markets – HSBC survey

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LONDON, Nov 24 (Reuters) – More than one in four investors feel ‘bearish’ about emerging markets, an HSBC survey showed on Wednesday, as slowing economic growth and the spectre of tighter monetary policy in the United States clouds the outlook.

In July fewer than one in 10 investors surveyed were bearish, while the proportion of investors feeling bullish has dropped to 27% from 40%, HSBC said.

Markets have ramped up their expectations for interest rate hikes from the Federal Reserve and other central banks next year to keep a lid on inflation. The investors surveyed said tighter policy in developed economies was the single biggest risk to the outlook for emerging markets.

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“The global economy has faced a series of negative supply-side shocks that are causing downside risks to growth and upside risks to inflation,” said Murat Ulgen, Global Head of EM Research at HSBC.

“Emerging markets are a lot…

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