Ultra-high-net-worth Asians are uneasy about the current bout of uncertainty, which is denting their confidence in the U.S. (Nikkei montage/Source photos by Akira Kodaka and Reuters)
Investors looking for havens turn to gold, the euro and the yen
TOKYO/BENGALURU — Wealthy Asians have long viewed the U.S. as a top destination for investing their capital, at least until President Donald Trump started imposing harsh tariffs on trading partners and challenging the Federal Reserve's independence.
The U.S.'s economic growth, political stability and strong relationships with allies have helped the country attract capital from around the world. Three months into Trump's second term, however, the president is raising the odds that America will head into a recession. It is being pushed in that direction by the massive tariffs Trump is using to tame trading partners to his liking and, more alarmingly, to shake up the post-World War II international order.
Ultra-wealthy Asians rethink US stock exceptionalism amid Trump turmoil – Nikkei Asia
