HSBC cuts global equities outlook from ‘max overweight’ to neutral

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The bank’s revised stance reflects growing uncertainty over geopolitical developments and the potential regulatory impact on artificial intelligence ahead of US elections

By Reuters

Updated - October 26, 2026 at 03:58 PM.

HSBC has downgraded its stance on global equities to neutral, citing Middle East geopolitical concerns and potential AI regulation.

HSBC has downgraded its stance on global equities to neutral, citing Middle East geopolitical concerns and potential AI regulation.

HSBC on Monday ‌downgraded its stance on global ⁠equities to "neutral" from "max overweight", ‌citing renewed geopolitical ‌concerns around ‌the ⁠Middle ⁠East and concerns over potential AI ‌regulation ahead of the US mid-term elections.

"The ‌bearish AI narratives will be ⁠hard to overcome ‌in the coming weeks – but there'll be eventual ‌support, in our view," HSBC said ⁠in a note.

Published on October 26, 2026

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