SINGAPORE Investors should not be “too bearish” in the markets even as tensions between the United States and China continue to rise, the managing director of the South Korean sovereign wealth fund said this week.
This is in part because the relationship is unlikely to change in the short term, said Choi Heenam of Korea Investment Corporation.
“The US-China dispute is not just political,” he told CNBC’s Tanvir Gill on the first day of the Singapore summit. “It is a hegemonic conflict based on structural issues rather than political interests.”
“I think this will continue to be an overhang for the global economy, but ultimately not destructive,” he said on Monday.
As a natural consequence of the pandemic crisis, more countries tend to focus on the national interest rather than the global interest. This means that technological nationalism will intensify. This is very bad news for businesses.
Korea Investment Corporation
He said he didn’t see the US madness towards China changing much after the November presidential elections, as there is bipartisan support for Washington’s current policy towards Beijing.
“With that in mind, we don’t need to be too bearish in the market, even as tensions between the two countries intensify. Instead, we need to take advantage of the risk-off mode on the market. market, if there is everything. “
A risk-free scenario is one where investors are less risk tolerant and sell their assets, which drives down prices.
Choi also weighed in on the rise in protectionism and said it would “definitely hinder” the development of new technologies.
“As a natural consequence of the pandemic crisis, more countries tend to focus on the national interest rather than the global interest,” he said. “This means that technological nationalism will intensify. This is very bad news for business.”
In addition to their trade dispute, the United States and China have also been locked in a tech war, with Washington putting pressure on Chinese tech companies.
The United States is trying to block Chinese companies, like smartphone maker Huawei, from buying important components. United States. The Defense Ministry said this month it could blacklist the international semiconductor manufacturing company, China’s largest semiconductor maker.
Choi said the Korea Investment Corporation tends to invest more in US technology companies, but acknowledged that there is a “clear competitive advantage” for some Chinese companies. KIC must strike the right balance between the two countries, but “destructive” forces can cause companies to lose their competitive edge, he said.
“It will hurt our interest in investing,” he said. “I am really worried about this issue, so I hope everything will be resolved peacefully and easily.”
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]