SINGAPORE (Mar 26): In what has been one of the fastest sell-downs in history, the Covid-19 outbreak has single-handedly driven global equities to bear territories in the span of just a few trading sessions.
But, despite the massive market meltdown, DBS chief investment officer Hou Wey Fook believes most of the negative headwinds have already been substantially priced in.
To be sure, the virus-led volatility has invoked memories of the 2008 Global Financial Crisis and the 2000 dot-com bust. Yet, Hou’s message is clear: This too shall pass.
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