Asia-Pacific markets set to trade mixed; China, South Korea markets closed
Later in the week, Australia's central bank will announce its interest rate decision, while several countries in Asia will report inflation data.Fri, Sep 30 2022CNBC Pro: The five global stocks experiencing the de-globalisation trend, according to HSBC
New research from HSBC says supply chains, geopolitical tensions, and worsening financial conditions have forced many global companies to "substantially" turn inward in search of resilient revenue and growth. In a tough economic environment with recessionary pressures, the bank said turning inwards is "probably helpful" for these stocks.
The report titled 'A de-globalisation wave?' said European firms' foreign sales dipped below 50% in 2021, the lowest level in the last five years.
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