0537 GMT - Tariff uncertainty is pushing more Asian companies to look at boosting trade in regions other than North America, a HSBC survey shows. According to the survey, 83% of Asian firms say trade-policy changes are forcing a rethink of long-term business models, while 81% say they are more cautious about growing and investing. On average, they expect a 18% drop in revenues due to supply-chain delays. Asian firms are more likely to increase trade with South Asia, the Middle East and Europe, and decrease trade with North America. Over the next two years, 52% of the firms are considering or in the process of moving production to China, the HSBC survey shows.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 27, 2025 01:37 ET (05:37 GMT)
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