Global Stock Markets Adjust Following Military Actions by U.S. and Israel

Global stock markets have experienced adjustments this month following military actions by the United States and Israel against Iran at the end of last month. According to Ming Pao, Helen Jewell, Chief Investment Officer for International Markets at BlackRock, analyzed the situation, noting an increase in market risk premiums due to these geopolitical tensions. Despite the significant uncertainty posed by the conflict, some conservative investors are considering selling all their stocks and increasing cash holdings as a hedge. However, Wong Kwok Ying, a fund manager and partner at Wong Kwok Ying Asset Management Company, who previously advised against going 'all in' during the Hong Kong stock market boom five years ago, emphasized in an interview last weekend that investors should not completely sell off their holdings ('all out'). He elaborated on the reasons for this stance in the interview.