Wealthy investors shift from USD assets to China, gold, crypto says UBS, Morgan Stanley on US-China tariff truce impact

  • Wealthy investors shift from dollar assets to China, gold, and crypto amid tariff truce.

  • UBS and Morgan Stanley report growing client focus on risk budgeting and diversification.

  • Hong Kong stocks surge as U.S.-China trade tensions ease and investment outlook stabilizes.

According to UBS executives, wealthy investors are reducing exposure to U.S. dollar-denominated assets and moving capital toward Chinese markets, gold, and alternative investments. 

The trend has expanded following decreased trade tensions between the United States and China, and rising interest in China’s evolving innovation sectors.

US-China Tariff Truce Sparks Renewed Interest in Chinese Assets

UBS and Morgan Stanley executives report that wealthy clients are considering investment opportunities in China. This comes as both countries entered a 90-day tariff truce that reduced import duties. The U.S. scaled back its combined 145% tariff rate on Chinese imports to 30%, while China lowered its tariffs on American goods from 125% to 10%.

According to Lo, a senior UBS executive, the recent engagement between the two nations has created new momentum, with Chinese assets becoming a main…

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