Bridgewater founder’s stock tip: diversify to avoid getting caught in US-China rivalry

Quick Summary:

The founder of the world’s largest hedge fund Bridgewater Associates warns the world’s two largest economies are in risky positions, as they address domestic challenges.

Ray Dalio, Founder of Bridgewater Associates, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024.

International investors, especially those in the US, are worried about potential blowbacks from their own governments for investing in China, as anti-China policies are set to gain bipartisan support in the US election this year, he said at the Greenwich Economic Forum in Hong Kong earlier this month.

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Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongChina

Topics: Recent Dalio Domestic Investors Selling Associates Chinese Founder Cent Bridgewater China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-18 @ 14:34:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21297534

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