SINGAPORE (May 24): The tech manufacturing services sector could take a hit if a US-China trade war breaks out, especially when there are signs of a slowdown in the semiconductor industry.
CGS-CIMB Securities therefore advises investors to aim for range-bound trading opportunities instead of chasing tech share prices.
The International Monetary Fund (IMF) expects global economic growth of 3.9% in 2018 and 2019, however it is worried about the erosion of support for global economic integration given the inward-looking shift in policies.
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