Institution: AI rally expected to continue driving Asian stock markets in the second half of the year

Odaily Planet Daily News Julius Baer stated in a report that the artificial intelligence craze may remain a key driving force for Asian stock markets in the second half of the year. Analyst Richard Tang maintains an overweight rating on the Japanese, South Korean, and Chinese stock markets, supported by a strong earnings cycle.

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