East Asia Lion Fund Investment published a report stating that the Morgan Stanley Asia-Pacific (excluding Japan) index continued to rise in March, up 2.7% compared to the previous month, mainly driven by the performance of the artificial intelligence industry in the North Asia region. Taiwan and South Korea outperformed the broader market. A conference hosted by a large American artificial intelligence semiconductor company released positive news, providing support for technology stocks in China, Taiwan, and South Korea. Demand for artificial intelligence-related products remained strong in the first quarter, with tech giants increasing their demand for AI chips, indicating that the adoption of this new AI technology is likely to accelerate at a remarkable pace. In contrast, demand for traditional tech products such as personal computers and laptops has been relatively weak. Regarding fixed income, East Asia Lion Fund Investment stated that the Asian investment-grade bond market performed well in the first quarter. Faced with potential rate cuts in the US, Asian investment-grade bonds face low risks of fallen angels, with attractive yields. Additionally, the issuance of new bonds in the first quarter amounted to only $38.1 billion, below market expectations, providing technical support for investment-grade bonds. However, the aforementioned positive factors may be partially offset by a smaller-than-expected rate cut and a slowdown in overall inflation. In the short term, the market sentiment is expected to remain optimistic, but profit-taking may occur. In the Asian investment-grade bond sector, the East Asia Lion Fund Investment team particularly favors individual Korean financial bonds due to their sound credit profile. Regarding investment strategy, the fund has increased its cash holdings and added positions in Korean and Chinese stocks, mainly focusing on energy and finance sectors. With the semiconductor industry cycle bottoming out and the long-term development potential of the AI-related industry, the technology sector is viewed favorably. The East Asia Lion Fund investment team has a "hold" stance on information technology, energy, and industrial stocks, but a "sell" stance on consumer and finance stocks. In terms of regional allocation, the East Asia Lion Pacific flexible allocation fund has increased its holdings in Indian stocks, as it is bullish on the country's stable structural growth opportunities, including utilities, consumer, industrial, and financial sectors. Additionally, the fund also maintains a "hold" stance on Taiwan, benefiting from the development potential of the AI-related industry in the country. Furthermore, the fund is positive on energy and materials stocks in Australia, and in terms of investment-grade bonds, it is mainly bullish on the Korean financial sector.