Global Equities

Hong Hon, Manager, Global Equities, Lonsec The current global equities environment is increasingly defined by an uncomfortable paradox – the performance of broad benchmarks that appear diversified on the surface are being driven by an ever-narrowing set of stocks, sectors and countries. This dynamic is evident across both the MSCI World and MSCI Emerging Markets

Hong Hon, Manager, Global Equities, Lonsec Since my last article, AI Stocks: Bubble or Structural Shift? back in December 2025, markets have mostly stayed upbeat, but the rotation under the surface has only gotten louder. Global equities kicked off 2026 on the front foot. Emerging markets and commodities led the way, and most investors started

Hong Hon, Manager, Global Equities, Lonsec Research and Ratings As we enter the second half of this year’s global equities review cycle, one of the most frequently discussed topics has been whether there is a bubble in artificial intelligence stocks. From hyperscalers, such as Microsoft and Alphabet, ploughing more and more capital into data centres,

Hong Hon, Manager, Global Equities, Lonsec Research and Ratings As we head into the back half of 2025, global equities are once again pushing the limits on valuations. Still, investor sentiment is holding up, thanks to solid corporate earnings and the ongoing buzz around tech innovation. That has helped drive a sharp rebound in equity