‘The negative sentiment around growth and around the impact of trade is overdone,’ says Bill Maldonado of HSBC Global Asset Management. Photo: AFP

Investors are too pessimistic about the global economy, US-China trade war, says HSBC Global Asset Management

  • US economy returning to a normal rate of growth, says Bill Maldonado, HSBC Global Asset Management’s APAC chief investment officer
  • More accommodative monetary policy is creating a favourable environment for equities
Topic |   US-China trade war

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‘The negative sentiment around growth and around the impact of trade is overdone,’ says Bill Maldonado of HSBC Global Asset Management. Photo: AFP
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A robot passes employees working on a mobile phone assembly line at a Huawei Technologies Co. production base in Dongguan. Photo: Bloomberg

China’s tech sector faces ‘hangover after the party’, with trade war and economic slowdown hitting employment

  • Tech sector demand for new hires down 25 per cent in first quarter from a year earlier, while jobs seekers up 37 per cent, meaning demand outpaces supply
  • Baidu, Tencent and JD.com are all ‘optimising’ their workforces, as analysts point to a sector in decline after years of expanding at an unrealistic pace
Topic |   China economy

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A robot passes employees working on a mobile phone assembly line at a Huawei Technologies Co. production base in Dongguan. Photo: Bloomberg
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