Global brokerage HSBC on Wednesday advised investors to avoid crowded trades like Korea and Taiwan and instead focus on Asia’s quieter corner: India. The firm set an end-2026 Sensex target of 94,000, implying a potential upside of 13.2 per cent.

HSBC noted that Asian markets have risen 20 per cent so far in 2025, despite significant selling by foreign funds. Similar to India, local investors across Asia - especially in mainland China, are sitting on large cash reserves, helping their domestic markets remain resilient. Advertisement

"Another feature of Asian markets is overcrowded trades, especially in companies related to Al in north Asia. The concern is that even a small deviation from sky-high investor expectations might lead to sharp corrections," HSBC said.

On India, HSBC said whil

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