该行认为，全球其他地区的地缘政治不确定性上升，将有助提升中国资产吸引力，香港市场将因其估值 仍属合理、全球投资者仓位较少、股票投资机会众多，以及新股市场非常活跃等因素，成为投资者首选 市场，相信短期内港股可应跑赢A股市场，但最终将取决于全球波动能否快速消退。 大摩又指，年初至今投资者经历了一轮较长的牛市行情，加上临近农历新年，因此会出现部分获利离场 情况，目前在A股市场中偏好大型股多于小型股;若全球波动趋向缓和，则更偏好港股。 摩根士丹利发布研报称，虽然近日环球市场表现波动，港股和中国A股市场亦于上周五(30日)显著回 调，但仍相信有效的A股降温措施、美元兑人民币走强，以及对香港的长期监管支持初见成效，可持续 为A股及港股市场提供正面流动性支持。 ...

Core Insights - Emerging market banks have demonstrated resilience amid global volatility and geopolitical risks [1] Group 1 - The performance of emerging market banks is notably strong despite external challenges [1] - Factors contributing to this resilience include robust capital positions and improved asset quality [1] - The sector is expected to continue adapting to changing economic conditions and regulatory environments [1]

Core Viewpoint - The Governor of Bank Indonesia stated that measures will continue to stabilize the Indonesian Rupiah in response to global fluctuations [1] Group 1 - The central bank is committed to implementing strategies to manage currency stability amid external economic pressures [1] - Ongoing global volatility has prompted the need for proactive measures to protect the value of the Rupiah [1]