Opportunities and risks in the 2025 equity market

The global equity outlook for 2025 presents a complex landscape for investors. While growth is decelerating across various regions due to elevated interest rates and cautious consumer spending, emerging opportunities exist, particularly in sectors poised to benefit from technological advancements like artificial intelligence (AI). However, the rapid development of AI infrastructure has led to market concentration in a few dominant stocks, raising concerns about potential overvaluation. Additionally, geopolitical tensions and economic uncertainties, especially regarding China's economic policies...