UBS maintains an attractive outlook on Asian equities, driven by robust earnings and the AI investment cycle. Preferred markets include mainland China, Singapore, Malaysia, Indonesia, and South Korea.
Key Takeaways
- 1.Asian equities remain on an upward trajectory supported by earnings growth and AI investment.
- 2.China technology sector downgraded from 'Most Attractive' to 'Attractive' due to near-term upside recalibration.
- 3.Hong Kong downgraded to 'Neutral' due to policy uncertainty regarding outbound investment scrutiny.
Table of Contents
- CIO View: Asian ex-Japan equities
- Upside scenario
- Downside scenario
- Global asset class preferences definitions
- Appendix
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Authors
Suresh TantiaLaura SmithHartmut IsselXueqiong Huang
Securities
MSCI Asia ex-JapanHSTECH Index
Themes
AI investment cycleCapital flow oversightReflationary environment
Regions
Asia PacificChinaSouth KoreaMalaysia