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2026-06-30 12:01:55 G Sachs said in a research report that the sharp decline in oil prices over the past few weeks has provided relief for major oil-importing countries in Asia. The market expects the Strait of Hormuz to potentially reopen, with Brent oil futures falling from a peak of nearly USD120 per barrel at the end of Apr to around USD72 currently. G Sachs' commodities team currently forecasts oil prices to reach USD80 per barrel in 4Q25. Despite the sharp correction, prices remain slightly above pre-war levels. The broker expects refining margins to remain elevated due to damage to facilities in the Gulf region and Russia. In addition, the Federal Reserve has delivered a more hawkish signal. G Sachs expects this to support the USD exchange rate in rebounding toward levels close to the peak seen in Mar. The broker believes inflation across most parts of Asia remains manageable, as the energy price shock is more concentrated and short-lived than in 2021-22. Coupled with buffers from inventories and fiscal policies across economies, technology spending is expected to remain the core driver for multiple Asian economies and markets. On investment strategy, G Sachs maintained its "Overweight" view on Japan, S Korea, Taiwan and China's A-share market, while remaining positive on short positions in the Thai baht and Indian rupee. The broker expects Federal Reserve policy, the AI investment theme and developments surrounding the reopening of the Strait of Hormuz to continue driving regional market performance. (gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |