Asia Equity Market Outlook: Q2 2025

Tariff volatility has created more undervalued opportunities in Asia—what does this mean for investors?

The Asia stock markets are mixed: they have become bear markets amid tariff risks, economic growth and recession concerns, and rate cut uncertainty. Though it’s hard to predict what the Asian equity outlook will be for the rest of the year, the current market conditions have opened more investment opportunities, with many stocks now trading at attractive stock prices.

Morningstar’s Q2 2025 Asia Market Outlook analyses our Asian equity research coverage by sector performance and valuations, global considerations, equity market outlooks, and more.

Download the report to discover how your investing strategy can take advantage of recent Asian stock market trends.