According to AI Express, Huaxi Securities pointed out that under the shadow of tariffs, expanding domestic demand will become the main direction, and risk appetite will rise again under the policy of protecting the market. From the perspective of valuation, A-shares and Hong Kong stocks are still in the "valuation depression" of global equity assets, and their short-term volatility is lower than that of overseas markets, or they may become a "safe haven" for risk assets.
National Business Daily