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AM Heat Map: Are banks in Asia bailing on the Trump trade for Xi’s Chinese Dream?

Not unexpectedly, the global equity rally has not been smooth sailing for investors. With a recent market hiccup fuelled by US policy uncertainty and growth reaching a possible peak, fund traffic data suggests that Asian banks are now favouring Chinese rather than US equities. Are banks in Asia bailing on the Trump trade wave and hopping aboard the China train? We…

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