安本：预计鲍威尔剩余任期内维持利率不变 新任美联储主席政策路径将更宽松

Group 1 - The core viewpoint is that the Federal Reserve is expected to maintain interest rates unchanged during Powell's remaining term, with a more dovish policy path anticipated under the new chairperson [1] - U.S. Treasury Secretary Scott Bessent reaffirmed the government's commitment to a strong dollar policy and downplayed the likelihood of intervening in the foreign exchange market to support the yen, which is expected to stabilize the dollar [1] - The expectation of a dovish Federal Reserve chair is likely to steepen the U.S. Treasury yield curve, supporting long-term rates globally, which may lead to a decrease in asset correlation and limit overall stock market upside [1] Group 2 - The market is expected to refocus on fundamentals, favoring sectors with clear profit prospects, particularly in artificial intelligence and the technology ecosystem, which continue to maintain structural advantages [1] - Companies benefiting from structural trends in Asia include Taiwan's semiconductor manufacturing and advanced packaging, South Korea's leadership in high-bandwidth memory (HBM), Singapore's regional data center expansion, and Japan's precision machinery and semiconductor equipment [1]