Group 1 - In 2025, the global economic landscape was reshaped by Trump's tariffs, leading to significant changes in asset allocation strategies for 2026 [1] - The Asian markets outperformed the US and European markets, with South Korea's Kospi index surging 75.6% to 4214.17 points, driven by reforms under President Lee Jae-myung [4] - The total market capitalization of the South Korean main board grew by 77.1% to 347.8 trillion KRW (approximately 16.78 trillion RMB), marking a historic milestone [6] Group 2 - The Nikkei 225 index reached a record closing price of 50,339.48 points, with a yearly increase of over 26%, supported by strong performance in chip stocks and optimistic economic stimulus measures from the new Prime Minister [7] - The Hang Seng Index rose by 27.77%, achieving its best annual performance since 2017, while the Hang Seng Tech Index increased by 23.45%, marking its best performance since its launch in 2020 [9] Group 3 - Precious metals experienced a "super cycle" in 2025, with silver prices rising by 143.97% to over $84 per ounce, and gold prices increasing by 64.9% from $1,834 to $4,400 per ounce [10][11][13] - Copper prices also surged by 44.32% throughout the year, reflecting a historic simultaneous rise in gold, silver, and copper prices for the first time since 1980 [15][17] Group 4 - The US dollar index fell by nearly 10% in 2025, primarily due to strong expectations for interest rate cuts by the Federal Reserve [18][20] - The decline in the dollar's appeal was exacerbated by a decrease in geopolitical risks and a shift in global risk appetite, leading to a flow of funds into other currencies like the euro and yen [24][22] Group 5 - The oil market faced significant declines, with WTI crude oil futures dropping over 18% and Brent crude oil futures falling over 17% due to supply overhang and changes in OPEC+ strategies [28][29][32] - Forecasts for Brent crude oil prices in 2026 vary, with Goldman Sachs predicting an average of $56 per barrel, while the World Bank estimates $60 per barrel [33]

Group 1 - The newly elected South Korean President Lee Jae-myung plans to move the presidential office back to the Blue House and implement "pragmatic diplomacy" to maximize national interests [1][2] - Lee Jae-myung won the presidential election with a vote share of 49.42%, defeating four other candidates [1][2] - Following the election results, the South Korean stock market and the won appreciated, with the KOSPI index rising by 2% and the won gaining 0.3% against the dollar [4] Group 2 - Analysts expect the new government under Lee Jae-myung to introduce various budget supplementary measures to stimulate the economy, which contracted by 0.1% year-on-year in Q1 [4][5] - Citigroup economists predict that the additional budget spending could increase South Korea's economic growth rate by 0.38 to 0.77 percentage points over the next four quarters [5] - The U.S. government has expressed support for Lee Jae-myung's presidency, emphasizing the importance of the U.S.-South Korea alliance and potential cooperation in security and economic areas [5] Group 3 - Lee Jae-myung's political journey is characterized by overcoming significant challenges, including a difficult upbringing and multiple electoral defeats before his recent victory [6][7] - His tenure as mayor of Seongnam and governor of Gyeonggi Province was marked by effective governance and public support, which contributed to his rise in politics [7] - Despite his victory, the persistent support for conservative candidates (41% of the vote) indicates deep societal divisions in South Korea, suggesting challenges ahead for Lee's administration [8]