U.S. President Donald Trump's directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S.
tensions back in the headlines over the coming months, creating a new driver of volatility in global equity markets.01 Jun 2020 01:11PMNEW YORK/BOSTON: tensions back in the headlines over the coming months, creating a new driver of volatility in global equity markets.
"What Hong Kong represents is longer than a one-day or one-year issue," said Jim Paulsen, chief investment strategist at the Leuthold Group. Paulsen said he believes that geopolitical tensions are likely to hang over markets over the longer term. Erin Browne, a portfolio manager at Pimco, the massive bond fund, said strains in the U.S.-China relationship is"one of the primary market risks" into the second half of 2020. She said she is hedging her portfolio accordingly.
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