Bruising selloff – Private banks, asset managers explain investing through turbulent markets

By Stanley Yupu Li , senior reporter | 6 August 2024 | 5 minutes read

Over the past few days, global markets experienced a significant selloff led by Japan amid weak US job data, a rising Yen, and geopolitical volatility leading to recession worries surfacing for private banks. Japan’s Nikkei 225 slumped more than 7% in early Monday Asian trading, extending last week’s sharp losses and taking the overall drop from July highs to more…

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