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Profit-taking “not a good idea” despite looming tariffs: UBS GWM’s Hu

UBS Global Wealth Management is urging investors to stay invested although the first round of US trade tariffs on Chinese imports goes into effect on Friday, which is likely to trigger further turmoil and larger drawdowns in equity markets. “Although we expect trade tensions between the US and China to be long-lasting, serving as a key risk for the region,…

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