News

HSBC points out that investors' concerns about geopolitical risks may be excessive. Meanwhile, high-frequency economic activity and labor market data in the United States are performing well, and tax refunds are almost 15% higher than the 2025 level, providing additional security for American consumers. The bank's current strategy is to significantly increase equity holdings, with a focus on emerging markets in Asia, Japan, and Europe; at the same time, it is significantly increasing holdings of emerging market local rate products and high-yield credit products. Looking ahead, HSBC states that, compared to changes in the geopolitical landscape, the more important factor affecting the market is the global corporate earnings outlook. The company notes that, over the past two quarters, market pessimism about artificial intelligence has almost eliminated the valuation premium of U.S. technology stocks, creating conditions for capital to flow back to the United States and tech stocks. HSBC claims this could mean that, in the future, various asset classes may experience a further V-shaped rebound.

To alleviate difficulties, on April 9, 2026, a delegation of Japanese clients visited China Mining Resources Group Co., Ltd. specifically to discuss cooperation on raw material supply guarantees. The International Trade Department of China Mining Resources hosted the meeting, during which both parties conducted in-depth discussions on the current supply and demand situation as well as collaborative relief solutions. After thorough communication, the two sides reached a consensus: once the export ban in Zimbabwe is lifted, China Mining Resources will prioritize meeting the raw material needs of these long-term partners, establish a stable supply channel, and ensure the continuous operation of their production. This meeting has further deepened the strategic partnership between the two sides.

The Bank of Japan signaled that an interest rate hike is unlikely at its April 28 meeting, easing macroeconomic pressure on risk assets and driving Bitcoin above $74,000. The dovish stance keeps the yen weak and maintains low carry trade financing costs, supporting leverage positions in Bitcoin and other cryptocurrencies, while futures open interest increases. If negotiations between the U.S. and Iran lead to a drop in oil prices and alleviate inflationary pressure in Japan, the Bank of Japan's incentive to raise rates will weaken further, prolonging the support period for yen-funded carry trades in favor of Bitcoin.