Puxin Group: Global market rotation is accelerating, and value stocks and emerging markets will take over US tech giants in the second half of the year

The Zhitong Finance App learned that asset management company T. Rowe Price Group (T. Rowe Price Group) anticipates that global stock market opportunities will expand in the next six months and will no longer be limited to US stocks and mega-tech stocks.

In its mid-year outlook for global financial markets for the rest of 2025, Puxin Group stated: “The trend of diversification in the stock market should continue. This will ease the excessive concentration of the market in recent years on the US and super-large stocks, which in turn will benefit value stocks and some emerging markets.”

According to this 2025 mid-year investment outlook report, US fiscal and tax policies are expected to be the focus in the second half of the year, and the aftermath of the trade war may drag down global economic growth. Business costs are expected to rise, while consumer purchasing power is likely to decline.

The report said, “The fundamental shift in the global fixed income market is reflected in higher than target levels of inflation in some developed markets (especially the US). Corporate bonds may enter a historically high credit quality phase in the economic downturn, making them more defensive than in the past.”

Puxin Group said that its multi-asset portfolio is expected to re-emphasize inflation hedging and diversified allocation of stocks.