Group 1 - Despite ongoing trade and geopolitical tensions, U.S. stocks continue to reach new highs, with major asset management firms increasing their bullish bets on risk assets [1] - Invesco, Fidelity International, and JPMorgan Asset Management are increasing their holdings in technology stocks and emerging market assets, betting that Trump will ultimately back down from economic disruptions [1][4] - Invesco's Chang Hwan Sung noted that the consensus among global fund managers is that the inherent volatility of Trump's second term will give way to economic pragmatism, supporting various assets from Indonesian bonds to U.S. growth stocks [4] Group 2 - Invesco has increased its U.S. stock holdings ahead of corporate earnings reports, expecting these reports to further support the stock market [4] - Fidelity International favors Taiwanese stocks due to their high concentration of technology companies and sees potential in Korean stocks due to their low valuations [6] - JPMorgan Asset Management believes that U.S. mid-cap tech stocks have room for growth, driven by optimism surrounding artificial intelligence [6][7] Group 3 - HSBC and Goldman Sachs have also recommended increasing allocations to U.S. stocks, with Goldman Sachs raising its target for the S&P 500 index [6][7] - HSBC's Max Kettner stated that low market expectations make corporate earnings reports a catalyst for the U.S. stock market [7] - Kettner also mentioned that the negative impact of tariffs on profit margins and earnings may be overestimated, while the positive effects of a weaker dollar are underestimated [8]

Group 1 - More institutions have upgraded their ratings for Chinese stocks and recommended increasing holdings in Chinese technology stocks [1][7] - TS Lombard's Dario Perkins noted that the current market enthusiasm is based on the reversal of previous tariff policies rather than new support measures [2] - UBS has raised its rating for Chinese technology stocks to "attractive," citing China's efforts towards technological self-sufficiency, particularly in AI and semiconductors [8][9] Group 2 - The Nikkei 225 index opened higher and quickly expanded its gains, with significant increases in major companies like Toyota and SoftBank [4] - The Hang Seng Index and other major Asia-Pacific indices experienced fluctuations, with the Hang Seng Index opening down slightly [9] - UBS expects a 30% profit growth for the technology sector in China this year, driven by advancements in AI and semiconductor innovation [9]