Summary: Since April 2025, international trade tensions have escalated rapidly. The tariff hikes between the U.S. and China, as well as between the U.S. and Europe, have not only accelerated the restructuring of global supply chains but also prompted investors to reassess their asset allocation strategies. As risks concentrate in manufacturing-heavy and export-driven economies, institutional investors are increasingly eyeing markets with relatively balanced economic structures and undervalued currencies. Among these, Australia—with its demand-driven economy, prudent monetary policy, and policy continuity—is emerging as a new "safe haven" for international capital.