Suresh Tantia

Despite recent volatility and regulatory concerns over leveraged ETFs, the Korean equity market remains attractive because underlying fundamentals are strong, AI monetization is playing out, and companies are unable to fulfill the massive demand.

Chinese internet players are poised for a short-term recovery because they are trading at cheap valuations of 13 to 14 times earnings and are successfully monetizing AI investments within their existing operations.

Semiconductor equipment makers in Europe and Taiwan are highly preferred because industry capacity constraints are expected to last for a couple of years, leading these companies to consistently raise guidance as they struggle to fulfill demand.

The speaker explicitly stated, "at this level, it makes sense to buy gold," referring to its ~10% pullback, and that it is "still a very good hedge." The recent sell-off was partly a liquidation event where investors sold profitable assets like gold for cash. The fundamental case for gold remains intact due to expected Fed rate cuts and a weaker dollar. Gold is attractive after its correction and is recommended as a portfolio hedge against ongoing geopolitical and monetary policy uncertainty. The Fed delays rate cuts more persistently than expected, supporting the U.S. dollar and reducing gold's appeal.