Group 1 - The core viewpoint of the report is that the global stock market remains attractive in the coming year, with an expected overall upside of approximately 15% by the end of 2026, supported by a favorable macroeconomic environment, stable corporate earnings outlook, and policy support [1] - UBS highlights the resilience of the US economy, driven by robust consumer spending, corporate capital expenditure, and a relatively loose fiscal and monetary environment, benefiting key sectors such as technology, utilities, healthcare, and banking [1] - The report emphasizes that artificial intelligence (AI) and technology will continue to be the main drivers of the global stock market, with significant investments in AI infrastructure, chips, computing power, automation, and related software expected to contribute new growth momentum by 2026 [1] Group 2 - UBS identifies the Chinese technology sector as one of the "most attractive investment opportunities globally," with expectations of up to 37% growth in corporate earnings by 2026, driven by ample market liquidity and active retail investor participation [2] - For investors seeking geographic and thematic diversification, UBS recommends focusing on Asian markets and broader emerging markets to capture structural growth opportunities [2] - Overall, despite uncertainties such as geopolitical risks, interest rate paths, and potential technology bubbles, UBS believes that the healthy economic fundamentals, supported earnings, and friendly policy environment provide a solid foundation for global stock market growth in 2026 [2]
瑞银财富发布《2026年度展望》：预计全球股市有约15%上行空间 中国科技板块具备吸引力
Zhi Tong Cai Jing·2025-12-10 09:08