Prospek Kuartal Pertama 2026: Pasar Saham Asia Diperkirakan Melanjutkan Kenaikan, Penurunan Suku Bunga Federal Reserve Menjadi Variabel Kunci

【Coin Circle】Morningstar recently released its first quarter 2026 outlook, which contains many noteworthy details worth paying attention to.

The core judgment is as follows: Asian stock market valuations are relatively reasonable. Although there may be pullbacks, there is no need to be overly concerned about sustained adjustments. The market’s investment in AI remains the main engine for technology profitability, and AI concept stocks still appear to have attractive valuations.

Looking at the policy level—the Federal Reserve is expected to cut interest rates, which will drive interest rate declines in Asian regions outside of Japan. Japan’s situation is quite different, with a higher likelihood of gradual rate hikes. These policy changes will ultimately affect the liquidity environment and asset prices.

Of course, we must acknowledge that geopolitical factors remain a sword hanging over our heads. Markets may experience episodic volatility due to these uncertainties. In other words, there may be fluctuations in the short term, but the overall direction still depends on fundamentals and policy orientation.