BlackRock is in favouring of Japan and China markets.
In brief:
Japan:
- earnings outlook has improved for Japanese firms
- corporate reforms and inflation is boosting the outlook for returns
- is wary of yen appreciation though, which could weigh on earnings outlook
China
- BlackRock is overweight
- cite developments in AI and tech more generally
- is wary that China is exposed to tariff risk, along with macro challenges structurally in the country
