Reported about 1 year ago
On June 21, 2024, KGI Asia Investment Strategy Department stated that various central banks around the world have begun easing monetary policies due to slowing economic signs and the need to prevent a recession, potentially bringing an interest rate cut. In this context, the US stock market appears not cheap with the S&P 500 index rising but concentrated among large-cap stocks. Looking ahead to the next half of the year, the Fed's possible shift to a rate cut may present opportunities. They advise keeping an eye on the 'GUIDE' strategy which consists of focusing on Gold, Utilities and AI, Investment Grade bonds, Defensive Stocks, and Eastern Regions. The article elaborates on Gold and Utilities sectors and provides insights on the Chinese and Hong Kong markets with investment themes such as state-owned enterprise reform, economic upturn benefiting operational activities, relaxed property market policies, increasing electricity demand, and expanding business operations overseas.
Source: YAHOO