Institution: AI rally expected to continue driving Asian stock markets in H2

Odaily Planet Daily reported that Bank Julius Baer stated in a report that the AI boom may remain a key driver for Asian stock markets in the second half of the year. Analyst Richard Tang maintains overweight ratings on the Japanese, South Korean, and Chinese stock markets, supported by a strong earnings cycle.

Japan is benefiting from optimism over the "high-market economy" and corporate governance reforms, with expectations of increased foreign capital inflows. In South Korea, the stock market rally may also persist due to the current memory chip shortage. Richard Tang believes that China's A-shares offer stronger AI exposure compared to H-shares, a trend expected to continue. In South Asia, Bank Julius Baer favors Singapore due to its strong currency and high market yields; meanwhile, the Indian market may see a relative recovery later this year, supported by rising household savings and favorable demographics. (Jinshi Data)