The Chief Investment Officer of DBS Bank, Hou Weifu, anticipates that amidst escalating tensions in the Middle East pushing up international oil prices and therefore intensifying inflation, the United States is unlikely to cut interest rates in the first half of this year. He advises investors to diversify their investments in the face of geopolitical risks, and include high-quality growth stocks and investment-grade fixed income in their portfolios. The bank also predicts that international gold prices will continue to rise due to heightened safe-haven sentiment, with spot gold expected to rise to $6250 per ounce by the end of this year. DBS Bank's Chief Investment Officer for North Asia, Yang Zhengling, believes that the US tech industry is less affected by war, as these companies lead global research and development and hold patents as intangible assets. Therefore, he is bullish on related stocks. Regarding Hong Kong stocks, given their undervaluation and profit growth forecasted to be in the mid-teens, along with global investors still underweighting Hong Kong stocks, Yang selectively recommends certain Hong Kong stocks. In particular, stocks related to the semiconductor supply chain and artificial intelligence (AI) platforms in Hong Kong have potential for growth, as China's implementation of different AI applications is driving the overall market.