BUSINESSJul 16 · 08:01 UTCSCMP WORLDDaisy Wu

Ex-World Bank official warns of need to diversify away from US markets: people will suffer

A former World Bank official warned that a coordinated push for global market diversification is urgently needed to protect savers from a potential valuation correction in concentrated US equities. The official highlighted the risks of capital being overly focused on a few highly valued US technology companies.

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Mentioned

Ian GoldinpersonWorld BankorganizationOxford UniversityorganizationU.S. equitiestopicUS technology companiestopicHong Kongplace

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