SINGAPORE/HONG KONG (Nikkei Markets) -- As geopolitical tensions grow, the world's major financial institutions are factoring in a period of extended risk although they differ on how the developments will affect the outlook for markets.
BlackRock, the world's largest asset manager, is holding more cash and scaling back on Chinese and technology stocks. But it remains "constructive" on China-listed A-shares because of cheaper valuations, Andrew Swan, its head of global emerging market equities, said at a briefing in Hong Kong.
