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BoS: Underweight equities amid threats of the potential ‘trade war’

Bank of Singapore, citing the potential of a trade war brought on by Trump’s “America first” vision, is underweight on overall equities. “From Asia’s perspective, free trade and regional security are both at risk,” said Richard Jerram, chief economic, Bank of Singapore in the bank’s latest research note. The bank believes that Trump, to deliver on his promises, will label…

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