Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Michael McKenna
Head of Editorial Content, Saxo Bank
Summary: Asian bourses saw a notable surge of risk-off sentiment overnight as the latest signs from the US-China trade war show China settling in for a protracted conflict, Meanwhile, UK prime minister Theresa May's continued woes have placed her government in peril, sending GBP sharply lower as markets re-price the ongoing Brexit imbroglio.