Standard Chartered: Suggest over-allocating to technology and communication services in the second half of the year, under-allocating to essential consumer goods.

Standard Chartered Bank releases its global market outlook for the second half of 2026. In China, given the potential for revaluation in the overall market, Standard Chartered Bank is shifting towards a more risk-preferred position. In terms of portfolio recommendations, the technology and communication services sectors are maintained at an overweight position, mainly benefiting from the increased self-sufficiency of domestic chips and the continued commercialization of artificial intelligence; the healthcare sector is downgraded to neutral due to limited earnings visibility; the essential consumer goods sector is downgraded to underweight for similar reasons; the utility sector benefits from improving electricity demand and policy support, and is upgraded to neutral. Globally, in the second half of 2026, investors will need to deal with fluctuating factors such as energy prices, stock supply, investor positions, and central bank policies. Standard Chartered Bank predicts that in an environment of a soft economic landing, risk assets will continue to receive support.