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景順料美國經濟放緩下市場具韌性 中國股市受國策支持
景順發布2025年年中投資展望,景順亞太區環球市場策略師趙耀庭表示,上半年的宏觀經濟及地緣政治環境充滿挑戰,但關鍵的全球趨勢及宏觀經濟形勢日益明朗。美國經濟放緩或會對全球增長造成影響,但有關貿易緊張局勢的建設性解決方案及監管放寬的潛在好處有望繼續支撐市場韌性。 亞洲方面,預計增長亦將低於趨勢,但亞洲區內許多央行已開始放寬貨幣政策,這應可爲經濟增長及市場提供支撐。中國方面,爲促進消費和穩定樓市而推出的進一步利好措施有望緩解關稅帶來的不利因素。 他補充,當前市場環境爲投資者帶來一個將投資組合分散部署至不同地區及資產類別的機會,同時降低集中度。隨着美股異常出色的表現可能即將結束,包括歐洲、日本及中國在內的主要已發展及新興市場的宏觀環境正在向好。尤其是中國股市,應可受惠於政府加大支持力度,因爲中國股市估值目前仍處於合理水平,投資者聚焦於人工智能、電動汽車及機械人等主要領域的重要科技發展。
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