HSBC: Asia's AI trading faces a test.

HSBC strategists wrote in a report that AI trading in Asia is facing a test. They wrote that South Korea remains Asia's strongest growth story, but leverage investments and concentrated positions may keep volatility high. HSBC upgraded the rating of Indian stocks from underweight to neutral, as lower energy prices and consumption resilience reduce earnings risks. They added that a key concern is whether the recent increase in foreign inflows can continue as attention shifts back to AI-related opportunities.