BlackRock scales back on China stocks as trade war drags

Citi recommends staying invested, sees Asia's growth as 'unstoppable'

20190625 BlackRock

BlackRock, the world's largest asset manager, is taking a defensive stance on Chinese and tech stocks, bracing for further tensions between Washington and Beijing. © Reuters

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.

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