US-China Tensions Are Top Geopolitical Risk, BlackRock Says
Tensions between Washington and Beijing were labeled as a “high” risk in the BlackRock Investment Institute’s October geopolitical risk dashboard, with an attention score of 1.5, nearly doubled that of a possible major terrorist attack.
Photographer: Wang Zhao/AFP/Getty Images
The “strategic competition” between the US and China remains the top geopolitical risk facing markets worldwide, according to BlackRock Inc., which described the recent thaw in the relations of the world’s two biggest economies as “fragile.”
Tensions between Washington and Beijing were labeled as a “high” risk in the BlackRock Investment Institute’s October geopolitical risk dashboard, with an attention score of 1.5, nearly doubled that of a possible major terrorist attack. In contrast, tallies for conflict escalation in the Middle East after the Hamas attacks on Israel and a war between Russia and the North Atlantic Treaty Organization were just -0.65 and 0.37.