Morgan Asset Management: Expects the Hong Kong A-share market to outperform Asia in the second quarter and is confident in the consumer sector

XU Changtai, Chief Market Strategist for Morgan Asset Management in the Asia-Pacific region, expects the Hong Kong A-share market to outperform the Asian market in the second quarter, especially compared to the Japanese and Indonesian markets. He is optimistic about the consumer sector and predicts that the U.S. will cut interest rates three times this year, totaling 0.75%. XU believes that the U.S. economy will not experience a severe recession, but growth will slow down, and the Federal Reserve may lean towards cutting rates to safeguard the economy. He will adjust his view on the stock-bond ratio to 5:5 and recommends investing in fixed income assets and alternative assets