HSBC’s Evans Says Emerging Markets Can ‘Outperform’ This Year

Emerging-market stocks can “outperform” this year and China and Russia are preferred markets, said Garry Evans, head of global equity strategy at HSBC Holdings Plc.

Evans is “overweight” on energy, materials and telecommunications stocks, he told reporters in Singapore today. Earnings of companies in general will surprise on the “downside” this year, he said.

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