每周投资策略-20251027

Group 1: Japan Market Focus - The election of Fumio Kishida as Japan's first female Prime Minister is expected to influence market dynamics, with a focus on fiscal expansion and industrial policy [12][13]. - Kishida's government plans to implement measures to alleviate inflation, including tax adjustments and energy subsidies, while also promoting nuclear energy and reviewing social security policies [13]. - The market has reacted positively to Kishida's election, with a notable rise in Japanese stocks, although concerns about fiscal discipline remain [19]. Group 2: Specific Companies in Japan - Tokyo Electron, a leading semiconductor manufacturing equipment provider, is expected to benefit from the government's focus on AI and semiconductor industries, with a target price of 32,500 JPY [22]. - Kajima Corporation, a major construction company, is positioned to gain from increased government spending on infrastructure, with a target price of 5,300 JPY [22]. Group 3: South Korea Market Focus - The South Korean economy is anticipated to show strong growth in Q3, supported by robust export performance and a stable inflation rate, with the KOSPI index expected to rise further [35][42]. - Samsung Electronics and SK Hynix are highlighted as key players, with optimistic forecasts for their semiconductor businesses, particularly in DRAM and HBM markets [46]. Group 4: Australia Market Focus - The Australian labor market is showing signs of weakness, which may lead to a rate cut in November, impacting mining companies positively due to rising resource prices [58][60]. - Australian mining companies are expected to benefit from the global trend of resource nationalism, particularly in critical minerals like zircon and lithium, which Australia produces in significant quantities [60].