Value Partners: Mainland and Hong Kong stocks are expected to gradually recover next year

Value Partners released its 2025 market outlook report, expecting that stocks in mainland China and Hong Kong will gradually recover, although they are affected by uncertainties regarding U.S. interest rate cuts in the short term. A-shares may be more attractive, especially against the backdrop of earnings bottoming out. The report points out that global uncertainties still need attention, including Federal Reserve policies and the situation in the Middle East. The outlook for the Japanese stock market is optimistic, but it faces tariff threats. The South Korean stock market is challenged by automotive exports and the chip cycle, while South Asia's economic growth is strong, but the difficulty of supporting the economy through interest rate cuts is increasing