


Core Viewpoint - Citic Securities emphasizes the investment opportunities in emerging markets such as China and South Korea, particularly if the Federal Reserve unexpectedly lowers interest rates, which could lead to synchronized monetary easing between China and the U.S. [1] Group 1: A-shares - The A-share market is experiencing continuous warming, awaiting a catalyst for ignition [1] Group 2: Hong Kong Stocks - Hong Kong stocks still offer significant value for money, with ample liquidity present [1] Group 3: South Korean Market - The South Korean stock market is expected to maintain a positive trend due to policy support and anticipated liquidity injections [1] Group 4: Indian Market - The Indian stock market faces short-term constraints from high valuations, funding pressures, and earnings downgrades, with a focus on the IT and defensive sectors [1] Group 5: Japanese Market - The Japanese stock market is presented with opportunities due to governance reforms and external environmental resonance [1] Group 6: Southeast Asian Markets - Southeast Asian markets are seeing sustained capital inflows, with the Indonesian market showing medium to long-term investment value [1]