The HSBC Hong Kong Sevens, which runs between 28-30 March, brings together 28 teams from around the world to play an intense and fast-paced form of rugby in front of 40,000 fans. In the report #BRINGYOURGAME, HSBC’s Global Research analysts make some tongue-in-cheek predictions using a range of highly unorthodox methodologies.
The Hong Kong Sevens is a unique event and a fantastic opportunity for the bank to show its spirit and sense of humour
Global Head of Sponsorship, HSBC
Several analysts suggest that Fiji, last year’s winners, will retain the title. Dilip Shahani, Head of Global Research, Asia-Pacific, says that the country, which has won the tournament more times than any other nation, is “unstoppable”. But many of his colleagues disagree. Garry Evans, Global Head of Equity Strategy, predicts Wales will win, pointing to the high proportion of the national population who play the game.
HSBC’s number crunchers have spotted some unusual correlations between previous Hong Kong tournaments and different asset classes. Did you know…
- A Fiji victory means coconut oil prices in the Philippines fall
- No country with a current-account surplus has won the tournament in the past 10 years
- China bond spreads narrow when England wins
- Power generation in Taiwan spikes when Samoa loses in the final
- An England victory coincides with an increase in tourists visiting Yemen
- India’s two-wheeler market flourishes when New Zealand loses in the final
Others have examined the correlations between previous tournaments and trends in foreign exchange, commodity prices and bond yields. This research suggests some surprising links. Cereal prices tend to fall in Vietnam when Australia win, for example. An England victory coincides with an increase in tourists visiting Yemen.
Simon Francis, Head of Asia-Pacific Metals and Mining Research, is backing South Africa. He suggests there is a link between rugby sevens and the element iridium, which has an atomic number of 77 – and South Africa mines more iridium than any other country.
Giles Morgan, Global Head of Sponsorship, HSBC, said: “The Hong Kong Sevens is a unique event and a fantastic opportunity for the bank to show its spirit and sense of humour by association. We are delighted that, for the third year running, the HSBC Global Research team has produced this tongue-in-cheek report.”
HSBC has been co-sponsor of the Hong Kong Sevens since 2012 and has helped introduce thousands of young people around the world to the game as part of a two-year grassroots programme.