维持月度展望：亚洲AI驱动的增长推动该地区跑赢大盘

关键论点

• 亚洲表现优异源于北亚的人工智能资本支出以及东南亚日益融入区域供应链带来的区域内人工智能贸易增长。
• “中国+1”战略现已在亚洲内部显现，日本和韩国正在扩展在该地区的制造业版图。
• 印度第二季度GDP同比增长7.8%，得益于强劲的内需和出口多元化。
• 由于燃料价格上涨和需求旺盛，亚洲通胀正在上升，厄尔尼诺现象带来上行风险。
• 预计日本央行将于9月18日加息25个基点至1.25%，并可能进一步收紧。
• 韩国央行已连续加息至3.0%，可能再加息50个基点至2027年一季度达到3.5%。

对应原文证据

1. Looking ahead, we see upside risks to the inflation outlook and expect core inflation to accelerate further in the coming months.
2. At the same time, robust AI-related investment and data centre activity should continue to support domestic demand and keep services inflation firm.
3. Korea and Japan remain on a faster-than-expected tightening path We now expect the Bank of Japan to deliver a 25bp rate hike to 1.25% at its 18 September meeting, reflecting growing confidence that underlying inflation pressures will persist.