Nomura (US:NMR) 野村集团·2025-12-11 09:03Group 1 - Southeast Asian exporters have increased prices for goods exported to the U.S., transferring some cost pressures to American consumers [1][5] - The UNDP predicts a potential 9.7% decline in Southeast Asia's total exports to the U.S. due to tariff-induced price increases [1][5] - Despite facing cost and profit margin pressures, Asian exports are expected to remain robust, with many countries diversifying their markets away from the U.S. [1][5][6] Group 2 - The China-ASEAN Free Trade Area 3.0 upgrade is expected to enhance cooperation in emerging fields, particularly in the digital economy [2][6] - Southeast Asian countries are looking to leverage China's expertise in green technology and high-value manufacturing to diversify their exports [2][6] Group 3 - The signing of trade agreements with the U.S. and China indicates a trend towards trade diversification among Southeast Asian nations [6] - The region's internal trade is expected to grow as countries focus on boosting domestic consumption and reducing reliance on external markets [6][10] Group 4 - Southeast Asian stock markets face challenges in attracting foreign investment due to a lack of AI-related themes and concerns over export slowdowns [12][13] - Structural reforms in the region aim to enhance market liquidity and regulatory transparency, potentially improving the attractiveness of Southeast Asian markets [14][15] Group 5 - The economic outlook for Southeast Asia remains resilient despite external pressures, with a focus on structural reforms and domestic demand improvement [17] - Countries like Malaysia and Singapore are expected to perform well due to strong domestic demand and advancements in technology sectors [13][15]