Saudi Arabia (TASI)
- Market remains range-bound
Drivers:
- Oil near supportive levels
- Strong fiscal backdrop
- Ongoing government spending
Constraints:
- Global liquidity conditions
- Sensitivity to external risk sentiment
Read:
Stable, but lacking momentum — a controlled consolidation.
Japan
- Nikkei remains near highs
Drivers:
- Weak yen supporting exporters
- Strong earnings
Risk:
- USD/JPY approaching 160 → potential policy response
Read:
Strong trend, but increasingly dependent on policy tolerance.
China / Hong Kong
- Shanghai: stabilizing
- Hang Seng: still lagging
Drivers:
- Stimulus expectations
- Attractive valuations
Challenges:
- Weak domestic demand
- Property sector pressure
- Foreign investor hesitation
Read:
Stabilization is visible, but no confirmed recovery.