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HSBC: Emerging Market Rally Broadens Into 2026 — The Indian Ocean Read A fresh HSBC outlook lands on a question every treasury officer from Malé to Mumbai has been asking quietly since the start of the year: is the emerging-market bid for real this time, or is it another headline-driven sugar rush.
The bank's answer, at least in print, is that the rally has started to spread out of its usual two or three flagship names and into a wider band of developing economies — and the Indian Ocean rim sits closer to the centre of that map than most of the global write-ups admit.
HSBC singles out India, Brazil and pockets of Southeast Asia for the strongest fundamental story, with technology, manufacturing and renewable-energy capex doing the heavy lifting.
For the South Asian neighbourhood that is more than a footnote.
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