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Not time to go risk-on, say strategists

Strategists remain broadly optimistic that a US-China trade deal is likely to materialise, despite Donald Trump's latest threat to hike tariffs on Chinese imports later this week. Here is a round-up of their views.

Genevieve Cua

Published Wed, May 08, 2019 · 5:50 am
Shipping containers from China and other nations being unloaded at the Long Beach Port in Los Angeles, California. Most strategists appear to have assigned a probability of about 60 to 70 per cent that a US-China deal will materialise.
UBS' Tan Min Lan advises investors to shift to higher-quality equities, which could mitigate the risk of near-term volatility.
DBS' Hou Wey Fook says: "We believe rationality will prevail at the end of the day. Our base case is that there will be a trade deal.''
Bank of Singapore's Eli Lee says: "We opt to keep our asset allocation strategy unchanged, and will not sell into this correction."

Bank of Singapore

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