HSBC downgrades global stock rating to "neutral" due to Middle East tensions and risks from artificial intelligence

Reuters, October 26 - HSBC downgraded its global equities rating from "extremely overweight" to "neutral" on Monday, citing renewed geopolitical concerns in the Middle East and worries about potential AI regulation ahead of the US midterm elections.

HSBC stated in its research report: "In the coming weeks, the bearish narrative around artificial intelligence will be difficult to dispel—but we believe the market will ultimately find support."

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