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PB consensus: No near-term recession but beware risk exposure

Planning, risk and strategy in business, businessman and engineer gambling placing wooden block on a tower.

Despite a strong consensus that a near-term recession is not on the cards, private banks in Asia are advising clients to trim exposure to risk assets given heightened valuations, according to the investment panel at Asian Private Banker’s 10th annual Summit, held in Hong Kong today. Increasing geopolitical tensions and slowing macro indicators amid a protracted late-market cycle have sparked fears…

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