The US dollar index fell below the 97 mark, and the overall decline in the first half of the year was more than 10%. In anticipation of the Federal Reserve's interest rate cut, will this weakness of the US dollar continue? The dust settled on the global stock market in the first half of 2025, and most of the world's major stock indexes rose. Entering the second half of the year, the NASDAQ and S&P reached another record high. Can the strength of US stocks continue, how is the global stock market expected to be interpreted, and which stock markets are most optimistic? Wang Hao, co-chief macro analyst at Cathay Pacific Haitong Securities, analyzed that the weak dollar pattern continues in the short term, and the fourth quarter may usher in an upward trend. Global stock markets are still supported, and US stocks and Chinese assets are worth looking forward to.

The US dollar index fell below the 97 mark, and the overall decline in the first half of the year was more than 10%. In anticipation of the Federal Reserve's interest rate cut, will this weakness of the US dollar continue? The dust settled on the global stock market in the first half of 2025, and most of the world's major stock indexes rose. Entering the second half of the year, the NASDAQ and S&P reached another record high. Can the strength of US stocks continue, how is the global stock market expected to be interpreted, and which stock markets are most optimistic? Wang Hao, co-chief macro analyst at Cathay Pacific Haitong Securities, analyzed that the weak dollar pattern continues in the short term, and the fourth quarter may usher in an upward trend. Global stock markets are still supported, and US stocks and Chinese assets are worth looking forward to.