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Asia's a ‘Buy’ After World's Top Two Economies Cool Trade Bombast

  • UBS Wealth expects 12% equity rally with trade settlement
  • China leverage to come under control as tech, banks favored
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Deutsche Bank's Huynh Still Positive on Chinese Equity Markets

For all the trans-pacific nastiness between the world’s two largest economies, the possibility of outright trade war is so remote that Asian assets -- China in particular -- are a buy, according to UBS Global Wealth Management.

Stocks outside Japan could jump about 12 percent and Asian currencies may strengthen as much as 4 percent against the dollar should the U.S. and China negotiate a settlement, said Min Lan Tan, Singapore-based head of the UBS Asia-Pacific Investment Office.