Standard Chartered: Overweight Technology and Communication Services, Underweight Consumer Staples

BlockBeats News, June 30th - Standard Chartered Bank released its Global Market Outlook for the second half of 2026. In China, considering the potential for overall market valuation reassessment, Standard Chartered Bank has shifted to a more risk-on stance. In terms of allocation recommendations, the bank maintains an overweight position on the Technology and Communication Services sector, primarily benefiting from the improvement in domestic semiconductor self-sufficiency and the continued commercialization of artificial intelligence. The Healthcare sector has been downgraded to neutral due to limited earnings visibility, while the Consumer Staples sector has been downgraded to underweight for similar reasons. The Utilities sector, on the other hand, has been upgraded to neutral due to improving electricity demand and policy support.

Looking globally, in the second half of 2026, investors will need to navigate a changing landscape involving energy prices, stock supply, investor positioning, and central bank policies, among other factors. Standard Chartered Bank expects that in an environment of a soft economic landing, risk assets will continue to receive support.