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00:00INVESTMENT OFFICER FOR THE ASIA-PACIFIC. I WILL NOT GET BOGGED DOWN INTO THE POLITICAL DISCOURSE, LET ' S TALK ABOUT MARKET IMPLICATIONS. WE HAVE BEEN TALKING ABOUT GOLD, THE YEN, STERLING, CABLE. WHAT ABOUT EQUITIES IN THE U.K.? OUR EXPORTERS DOING BETTER? > > WE WILL SEE THE 4100 OUTPERFORMING THE 250. A WEAKER STERLING DOES HAVE A MORE GLOBAL FEEL. MY SENSE IS, WE HAVE HAD BEEN NINE REACTIONS -- BENIGN REACTION SO FAR. THE MARKET IS LESS WILLING TO GO INTO THESE PARTICULAR EVENTS, LEVERAGED ONE WAY OR THE ANOTHER. BREXIT AND THE TRUMP ELECTION HAVE PUT US OFF THAT. IT HAS PUT US MORE COMFORTABLE. RISHAAD: WE HAVE GOTTEN USED TO SHOCKS. > > EXACTLY. THINK ABOUT THE HANG SENG FUTURES ON BREXIT AND HOW MUCH IT REACTED TO THAT EVENT. RISHAAD: EVERY TIME WE HAVE REACTION IT GETS TAKEN BACK. AT A QUICKER AND QUICKER PACE. > > THE LEVERAGE COMMUNITY WERE WELL-POSITIONED AND GOT CLEANED UP. ONCE BITTEN, TWICE SHY, WE ARE HOLDING OFF. THAT IS NOT TO SAY THERE WILL NOT BE IMPORTANT RAMIFICATIONS. THE WHOLE MARKET OR LABOR MINORITY DOES PUT A QUESTION MARK OVER THE COMPANY SLATED FOR NATIONALISM. BECKETT HAVE A HUGE IMPACT ON DOMESTIC EQUITIES. THE MARKET IS PROBABLY RIGHT TO BE HOLDING ITS BREATH FOR THE TIME BEING. WE DO NOT KNOW HOW THINGS ARE GOING TO TURN OUT. THE TYPE OF FORECAST WE WERE SITTING ACROSS THE MARKET, THE BASE CASE FOR VARIOUS SHOPS WAS

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Credit Suisse's Woods Says Market Is Holding Its Breath

John Woods, chief investment officer for Asia Pacific at Credit Suisse, discusses the U.K. election and its impact on equities. He speaks on "Bloomberg Markets: Asia." (Source: Bloomberg)

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