Commentary

Diversify and seek yield amid spectre of tech Cold War

Key to shun excessive concentration in US, China or tech as Sino-US rivalry grows

Trade tensions are back - a dispute has quickly morphed into a new threat that warrants shifts in investor strategies.

Days before a new round of negotiations, US President Donald Trump dropped bombshell tweets on May 10 accusing China of "breaking the deal". The White House subsequently raised the tariff rate on US$200 billion (S$274 billion) of Chinese goods and proposed a fresh one on the remaining US$325 billion of untaxed imports. China responded with retaliatory tariffs on US$60 billion of US products.

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A version of this article appeared in the print edition of The Straits Times on June 17, 2019, with the headline 'Diversify and seek yield amid spectre of tech Cold War'. Print Edition | Subscribe