Core Insights - The report from Daiwa emphasizes that the weakening of the US dollar has a more significant impact on emerging markets, A-shares, and Hong Kong stocks than potential interest rate cuts by the Federal Reserve [1] - A "soft landing" for the US economy would be beneficial for emerging market equities, while weak US economic data could prolong dollar weakness, increasing demand for currency hedging and enhancing liquidity support for emerging markets and the Chinese market by the end of 2025 [1] Market Conditions - The Asian market is currently in a risk-on environment, with the MSCI Asia Pacific (excluding Japan) index rising approximately 10% since July [1] - Key drivers for this market performance include easing geopolitical risks, favorable regional policies, and market expectations regarding the potential resumption of the Federal Reserve's interest rate cut cycle [1]
大和：若美元弱势持续，将在年底前为A股及港股带来支持
Sou Hu Cai Jing·2025-09-19 08:58