DBS Bank's Chief Investment Officer, Hou Weifu, forecasts that the U.S. Federal Reserve will not lower interest rates in the first half of this year. This expectation is based on rising international oil prices due to Middle East conflicts, which are likely to exacerbate inflationary pressures. Investors are advised to diversify their portfolios amid geopolitical risks, incorporating both high-quality growth stocks and investment-grade fixed-income assets. The bank also projects further upside for international gold prices driven by safe-haven demand, with spot gold expected to climb to $6,250 per ounce by year-end.

According to Yang Zhengling, Chief Investment Officer for North Asia at DBS Bank, the U.S. technology sector remains relatively insulated from the impacts of war. These companies lead global research and development efforts and possess valuable intangible assets such as patents, making them attractive investment opportunities. Regarding Hong Kong stocks, the bank holds a selectively optimistic view due to their currently low valuations, projected mid-teens earnings growth, and global investors' ongoing underweight positioning in the market. In particular, Hong Kong-listed companies linked to the semiconductor supply chain and artificial intelligence platforms are viewed favorably. This positive outlook is supported by the introduction of various AI-related applications in China, which have stimulated broader market interest.