Spooked by US policy, investors look to Asia and cut dollar assets

Geopolitical and trade tensions fuel discussion of need to diversify

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Geopolitical risks and Washington's volatile tariff policies are causing Asian investors to diversify holdings away from dollar assets. © Reuters

PAK YIU and PEGGY YE

NEW YORK/HONG KONG -- Wealthy investors are scaling back their exposure to the U.S. and turning to other assets in response to volatile trade policy and renewed fears that tensions between the world's two largest economies could spread to the financial sector.

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