摩根大通：亚太市场主题 -五大核心主题-JPM _ APAC Market Thematics - 5x KEY THEMES

Specialist Sales APAC Specialist Sales 25 September 2025 J P M O R G A N JPM | APAC Market Thematics - 5x KEY THEMES Matthew See +852 2800 8889 matthew.see@jpmorgan.com What are the most interesting top-down themes/trades in Asia? In this week's email (1) The case to stay constructive on Asia, with the liquidity and policy backdrop remaining supportive, (2) China's improving S/D outlook, with anti-involution still in the early innings and increased monetary/fiscal easing likely in 4Q, (3) Latest views on Ch ...