The desire to protect their assets in the face of an uncertain outlook for the US economy is forcing managers and investors to look for new markets. In particular, they are switching to Asian and partially European assets
Fears about a possible recession in the US, which led to a large-scale sell-off in the US market on March 10, forced asset managers to reconsider their strategies, and traders to start looking for a safe haven outside the States, Bloomberg writes.
While March 10 became the worst trading day in 2025 in the US, and the technology sector suffered the largest losses since autumn 2022, the Hong Kong Stock Exchange Hang Seng Index is trading at its highest since February 2022. However, the fall in the US market still affected the Asian market – the main markets of the region showed a slight decline following the sell-off in the US.
On Monday, Citigroup analysts upgraded their rating on Chinese stocks, namely the Hang Seng China Enterprises Index, to “outperform,” while downgrading their rating on U.S. stocks to “neutral” from “outperform.”
