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Joseph Lai suggests Australian investors are selectively re‑engaging with Chinese equities as markets reopen after Lunar New Year, supported by easing tariff pressures and attractive valuations following a tech sell‑off. He highlights opportunities spanning AI, hotels and consumer names such as pet food, as China’s onshore market shifts back toward stock‑specific fundamentals.

Indonesia stands at a critical juncture, offering a compelling opportunity for investors who can look past short-term noise to see a rising economic giant. For those who understand the structural reforms currently underway, the ‘malaise’ of 2025 is not a dead end, but a transition towards a more efficient, high-value economy. The opportunity of Indonesia is currently hidden behind a veil of handover-phase volatility. With blue chip valuations still at attractive levels, the window to capture this multifold growth story is open.

Joseph Lai highlights Indonesia as a rare value opportunity, with market dislocation, renewed fiscal spending and stabilising regulatory conditions setting the stage for recovery. He sees standout potential in high‑yielding banks like Bank Mandiri and Bank Negara Indonesia, as well as Telecom Indonesia, while maintaining a constructive view on commodities including gold, silver and copper amid shifting global demand trends.

Joseph Lai suggests that emerging markets may be at the start of a powerful comeback as easing US‑dollar pressures, cheap valuations and strong growth trends begin to re‑highlight long‑overlooked fundamentals. He points to countries like Indonesia and Vietnam as standouts benefiting from structural tailwinds.

After more than a decade of underperformance, emerging markets are strengthening as sound fiscal management, favourable demographics and rising new industries support growth. With developed markets running “hot” and facing mounting risks, EMs offer compelling opportunities as they continue to heat up into 2026.