Tariff easing releases positive signals, foreign giants strengthen the main line of diversified asset allocation.

The news of the simultaneous reduction of tariffs by China and the United States in mid-May injected a shot of adrenaline into the market. Several leading foreign asset management institutions generally believe that this round of tariff adjustments has effectively eased the pressure of Sino-US trade frictions on the global economy, becoming an important catalyst for market sentiment recovery and risk appetite rebound, providing key support for the rebound in asset prices. Against the backdrop of continuing high uncertainty, multi-asset strategies are gradually becoming the mainstream allocation direction. Gold, as an important tool for hedging geopolitical risks, is once again favored, while defensive stocks and medium-duration bonds are showing steady characteristics in a volatile environment. Several foreign asset management professionals point out that the current market logic is shifting from a single asset game to a diversified layout, and investors are using more flexible asset allocation strategies to cope with the complex and changing macroeconomic situation and policy cycle.