In the final episode of our 2024 podcast, Low Pei Han, Head of Equity Research, discusses the global equity outlook for 2025. Looking ahead, we maintain a positive stance on equities, with an Overweight position in both U.S. and Asia ex-Japan markets.
The risk-reward scenario for U.S. equities has improved following the recent election outcome. A Trump presidency is expected to stimulate the U.S. economy and corporate earnings through tax cuts, deregulation, and increased spending.
In the Asia ex-Japan region, we favour equities in countries such as China, Hong Kong, India, Indonesia, the Philippines, and Singapore. Investor attention is particularly focused on China, especially after its significant policy shift in September.
