Core Viewpoint - Nomura Orient International Securities expects Chinese equity assets to outperform overseas markets in the second half of the year due to strong domestic policy expectations and better liquidity conditions in emerging markets amid a weak US dollar [1] Group 1: Market Outlook - The firm anticipates that the second half of 2025 will be a critical juncture for market direction, with potential for increased volatility during this period [1] - Rising volatility may lead to a greater focus on emerging high-growth sectors, supported by robust policy backing for growth industries [1] Group 2: Investment Recommendations - Stable dividend stocks and niche technology growth sectors are deemed more suitable for the market environment in the second half of the year [1] - There remains significant potential in domestic consumption and the technology sector [1]