施罗德：亚洲市场投资情绪更趋正面 2026年看好科技板块和黄金的投资机会

Group 1 - The core viewpoint of the report is that geopolitical and fiscal risks have significantly influenced investment strategies, leading investors to seek attractive and lower-volatility opportunities in Asia as the dollar weakens and the Federal Reserve adopts a dovish stance [1][2] - The report highlights that the Asian market in 2026 will be driven by two main themes: the ongoing artificial intelligence (AI) boom and the anticipated end of the Federal Reserve's quantitative tightening policy, which is expected to enhance investment sentiment in the region [2] - Major Asian markets, including mainland China, South Korea, and Japan, are benefiting from corporate reform movements that boost domestic demand and enhance investor confidence [1][2] Group 2 - The AI capital expenditure in Asia has surpassed that of the US and Europe in recent years, with this trend expected to continue until 2026, supported by demographic changes and increased technology adoption [2] - The Federal Reserve's forecast to end quantitative tightening in December is anticipated to improve global liquidity and provide room for interest rate cuts by Asian central banks, which could support Asian equity and fixed income markets, particularly in interest-sensitive sectors [2] - The report indicates that the technology sector in Asia is expected to thrive due to the sustained impact of AI, with a projected compound annual growth rate of 8.8% for global semiconductor demand from 2024 to 2030 [2]