Investors bank on more AI-driven stock upside in Hong Kong, Singapore, US: HSBC survey
Nearly 40 per cent believed AI was an ‘overhyped profit driver’, according to HSBC’s survey of high-net-worth investors
Major stock benchmarks in Hong Kong, Singapore and the US have upside potential in 2025 as breakthroughs in artificial intelligence (AI) create big opportunities, according to HSBC’s survey of wealthy investors in the two Asian financial hubs.
Some 55 per cent of the respondents said the Hang Seng Index, the Straits Times Index and the S&P 500 Index could advance by 5 to 10 per cent by year end, the bank said in a statement on Thursday, in conjunction with its Global Investment Summit in Hong Kong.
About 44 per cent of high-net-worth individuals expected advancements in AI and technology to create “significant investment opportunities” this year. Conversely, 47 per cent of them identified technological disruptions as the leading investment risk, HSBC said.
HSBC engaged Ipsos to conduct an online survey of 200 high-net-worth investors in Hong Kong and Singapore with at least US$1 million (HK$7.77 million) of investible assets from February 27 to March 10.
“AI is a game-changer for businesses, enhancing efficiency, productivity, and decision-making while reducing human error,” said Maggie Ng Yuk-yu, head of wealth and personal banking at HSBC Hong Kong. “However, AI adoption needs to address challenges, such as trust issues, talent shortages and corporate culture pushback.”