June 13, 2019 / 6:10 AM / 2 months ago

Safe havens emerge in China, South Asia as recession risks grow

HONG KONG/SYDNEY (Reuters) - Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold.

But in Asia, investors are exploring new sanctuaries, from Chinese consumer stocks to Thai government bonds, some of which have thrived despite their economies’ exposure to tariff threats.

While not all investors or analysts are predicting a global recession, several shared their thoughts on where they would take shelter in Asia if a sharp downturn occurred, and why:

GRAPHICS: tmsnrt.rs/2RgMp7W

Reporting by Noah Sin in HONG KONG and Swati Pandey in SYDNEY; Editing by Shri Navaratnam

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