Hong Hao, chief investment officer of Lianhua Asset Management, believes that the repricing of global liquidity prepared by the loss of yield on US bonds is the key to determining global capital market trends. The continued rise in US bond yields reflects not only inflation expectations. Due to the situation where oil prices soar and remain high, the US fiscal deficit problem and the dollar credit problem are all fueled. He anticipates that, in the face of complex geopolitics and high market risks, it is likely that the trend in the sector that has been rising over the past few months will probably need to be stopped. Investors are likely to seek short-term corporate profit certainty opportunities in the semiconductor hardware sector and the relative certainty brought about by high oil prices in the energy sector. Sectors that have been drastically repaired in the past three months, such as the software industry and the agricultural sector, are likely to need to recuperate and then discuss.

Hong Hao, chief investment officer of Lianhua Asset Management, believes that the repricing of global liquidity prepared by the loss of yield on US bonds is the key to determining global capital market trends. The continued rise in US bond yields reflects not only inflation expectations. Due to the situation where oil prices soar and remain high, the US fiscal deficit problem and the dollar credit problem are all fueled. He anticipates that, in the face of complex geopolitics and high market risks, it is likely that the trend in the sector that has been rising over the past few months will probably need to be stopped. Investors are likely to seek short-term corporate profit certainty opportunities in the semiconductor hardware sector and the relative certainty brought about by high oil prices in the energy sector. Sectors that have been drastically repaired in the past three months, such as the software industry and the agricultural sector, are likely to need to recuperate and then discuss.