'Keep Powder Dry'
Vasu Menon, Vice President and Senior Investment Strategist, OCBC Bank Singapore
Vasu expects more volatility in the markets moving forward in the midst of an escalating trade war between the US and China. Given this, he advises investors who are sitting on good profits to "take money off the table" and "keep some dry powder". He says investors should pick stocks carefully. Sectors he likes include the global financial sector. Regional markets were hit yesterday following news that the US has raised the stakes in its trade war with China. Now, the US is looking to slap a 10% tariffs on an extra US$200 billion with of Chinese imports. All eyes are now on whether, and how China would retaliate. Vasu shares his insights on this.
Presented by: Sharaad Kuttan, Melisa Idris, Joyce Goh