Given the uncertainty surrounding Italy and the removal of central bank stimulus, it’s sensible for investors to pare their exposure and watch how events play out, according to Hao Hong, chief strategist at Bocom International Holdings Co. in Hong Kong. On the question of whether another big crisis is imminent, Hong said it’s too early to tell.
“In this kind of environment, my advice is to take less risk,” he said.
This article was provided by Bloomberg News.