Recently, under the pressure of a strong dollar, Asian Emerging Markets currencies have generally been under pressure, while the performance of Asian stock markets has been relatively flat. What are the biggest uncertainties for Asian Emerging Markets in 2025? According to analysis by Zhou Jinshun, an investment advisor at China Zheshang Bank's Wealth Management Department, the resonance of Federal Reserve decisions and factors such as US tariff policies will continue to pressure Emerging Markets currencies. A decline in oil prices and falling inflation will create more space for monetary policy. The fiscal impact on Emerging Markets will be greater than the monetary impact. (First Financial)