Обзор первого квартала 2026 года: ожидается продолжение роста азиатских фондовых рынков, снижение процентных ставок Федеральной резервной системы станет ключевым фактором

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

The core judgment is as follows: Asian stock market valuations are reasonably fair. Although they may encounter pullbacks, there’s no need to worry excessively about sustained adjustments. Market investment in AI remains the main engine driving technology profitability, and AI concept stocks still appear to have attractive valuations.

Looking at the policy level—the Federal Reserve is expected to cut rates, which will drive interest rate declines in Asian regions except Japan. The situation in Japan is somewhat different, with a greater likelihood of gradual rate hikes. These policy changes will ultimately affect liquidity conditions and asset prices.

Of course, it must be acknowledged that geopolitical factors remain a sword hanging overhead. Markets may experience intermittent volatility due to these uncertainties. In other words, there may be ups and downs in the near term, but the overall direction ultimately depends on fundamentals and policy guidance.