NEW YORK/SINGAPORE — Politics has toppled global markets from record peaks and over a turbulent few weeks, stepped to the fore as investors confront the prospect of an increasingly fractious Europe, isolationist America and a slowdown in the pulse of world trade.
Geopolitics topped the risk list of sovereign money managers this year, and after a roaring rally, money is rushing out of potential flashpoints — such as Taiwan’s stock market — and into havens such as gold, which hit an all-time high last week.
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