Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Internet Explorer, Google Chrome, Apple Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.  

See how to update your browser

Investment Event - Biden versus Trump

Polls show a lead for the Democratic candidate; however a number of factors could materially shift either candidate’s standing in the coming weeks.
21 August 2020
    Download the full reportPDF, 302.19KB

    Key takeaways

    • Senator Joe Biden formally accepted his nomination as the Democratic candidate in the 2020 presidential election
    • The latest national opinion polls show Senator Joe Biden maintaining a healthy lead over President Trump
    • However, we think a number of factors could materially shift either candidate’s standing in the coming weeks
    • The outcome of the election poses some potential downside risks to US equity markets. These include the possibility of a divided government and “deadlock” over fiscal policy support, while Biden may implement higher corporate taxes
    • For the time being, we maintain our overweight view on US equities while the “swoosh” economic recovery remains in play