HSBC Bank Says Mexico More Attractive Than Brazil , HSBC will invest $700 million more
Mexican stocks are more attractive than Brazilian shares because the nation will benefit from the U.S. economic rebound and be hurt less by China’s lending curbs, said John Lomax, a strategist at HSBC Holdings Plc.
“The U.S. is in the better side of the equity market cycle,” Lomax said in an interview during a trip to Rio de Janeiro.
Mexico sends 80 percent of its exports to the U.S., while China replaced the U.S. as the top destination for Brazil’s exports last year. Lomax rates Mexic...