亚洲股市估值仍具吸引力

Core Viewpoint - The Asian markets are experiencing significant volatility due to global trade and economic uncertainties, but factors such as stable inflation, ample liquidity, and proactive government policies are helping to mitigate negative impacts on economic growth [3][4]. Group 1: Economic Trends - Macroeconomic factors are expected to dominate the Asian markets in the second half of 2025, with global trade policy changes potentially causing unpredictable market reactions [4]. - The weakening of the US dollar is seen as a positive influence on Asia, as it has led to currency appreciation in countries like South Korea, which could attract capital inflows and support local consumption [4][6]. - Nearly 90% of Asian countries have maintained their overall inflation rates within central bank targets over the past five months, indicating a stable economic environment [6]. Group 2: Market Sentiment and Investment Strategy - Monitoring corporate sentiment and consumer confidence is crucial in the current market environment, as these indicators reflect investment pace and consumption willingness [8]. - The focus is on sectors with strong structural advantages and clear long-term prospects, such as artificial intelligence, innovation, digital infrastructure, and local consumption [8]. - The MSCI Asia (excluding Japan) index rebounded over 15% in May 2025 after hitting a low in early April, indicating potential for long-term growth despite short-term market volatility [8]. Group 3: Corporate Performance - Asian companies have adjusted their supply chains and expanded into new markets, demonstrating resilience with positive earnings reports in Q1 2025, showing year-on-year growth in revenue and profit [11]. - Asian stock valuations remain attractive compared to developed markets, providing appealing opportunities for long-term investors, especially in a context of strong liquidity and stabilizing earnings growth expectations [11].