【Coin Circle】Recently, Morningstar released its Q1 2026 outlook, which contains several noteworthy details.
The core judgment is as follows: Asian stock valuations remain reasonable. While there may be pullbacks, there is no need to be overly concerned about sustained corrections. Market investment in AI remains the primary engine for tech profitability, and valuations of AI-related stocks still appear attractive.
Looking at the policy level — the Federal Reserve is expected to cut rates, which will drive interest rate declines across Asia except Japan. The situation in Japan is somewhat different, with a more gradual rate hike likely. These policy changes will ultimately affect the liquidity environment and asset prices.
Of course, it must be acknowledged that geopolitical factors remain a sword hanging over the market. The market may experience sporadic volatility due to these uncertainties. In other words, there may be fluctuations in the short term, but the broader direction still depends on fundamentals and policy guidance.
2026年第一季度展望：アジア株式市場は上昇を続ける見込み、FRBの利下げが重要な変数
【Coin Circle】Recently, Morningstar released its Q1 2026 outlook, which contains several noteworthy details.
The core judgment is as follows: Asian stock valuations remain reasonable. While there may be pullbacks, there is no need to be overly concerned about sustained corrections. Market investment in AI remains the primary engine for tech profitability, and valuations of AI-related stocks still appear attractive.
Looking at the policy level — the Federal Reserve is expected to cut rates, which will drive interest rate declines across Asia except Japan. The situation in Japan is somewhat different, with a more gradual rate hike likely. These policy changes will ultimately affect the liquidity environment and asset prices.
Of course, it must be acknowledged that geopolitical factors remain a sword hanging over the market. The market may experience sporadic volatility due to these uncertainties. In other words, there may be fluctuations in the short term, but the broader direction still depends on fundamentals and policy guidance.