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UBS Wealth is focusing on global AI stocks, particularly in China, as the Hang Seng Technology Index surges over 30% in a month. The firm anticipates significant capital expenditure increases from US tech giants and bullish trends in China's corporate earnings due to AI advancements. Additionally, UBS is optimistic about mid-cap European shares and broader Asian markets, excluding Japan, amid expected economic stimulus.
Market reactions to new tariffs are expected to be more orderly than in 2018, with Chinese equities showing muted positioning compared to previous trade escalations. The U.S. economy may face a 0.8% hit by 2025 if tariffs are prolonged, while Asian currencies, particularly the Korean won and Malaysian ringgit, could be vulnerable to a weakening yuan. The Indian rupee is anticipated to remain more defensive despite potential rate cuts amid a cyclical slowdown.
Kelvin Tay, UBS's South-APAC CIO, expressed that he would allocate at least 10% of his personal assets to cryptocurrency if not restricted by his role. He noted Bitcoin's growing legitimacy, driven by products like BlackRock’s iShares Bitcoin Trust, and emphasized the importance of diversification in investment portfolios. Despite his optimism, he cautioned against the temptations of volatility, advising investors to maintain discipline.
UBS anticipates four rate cuts by the Federal Reserve, prompting a recommendation to reduce exposure to European markets. Kelvin Tay from UBS Global Wealth Management highlights the potential impacts of this monetary policy shift on the European economic landscape.
Kelvin Taylor
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ubs wealth shifts focus to china ai and us tech stocks
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05:41 19.02.2025
asia markets brace for tariff impact amid cautious economic outlook
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02:25 04.02.2025
ubs cio advocates for 10 percent crypto allocation in diversified portfolios
02:28 30.11.2024
UBS predicts four Fed rate cuts and warns on European markets
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