New York
EMERGING-MARKET assets are poised to rally next year as protectionism between the US and China eases, according to some of the world's largest money managers.
The trade breakthrough reached on Sunday by the US, Canada and Mexico is helping generate optimism over a truce between the world's two largest economies next year as tariffs take their toll on both countries. That could spell relief for assets from Argentina to Turkey and Brazil which have been battered by the escalating feud between Donald Trump and Xi Jinping.
The de-escalation with China may come in the middle of 2019, according to Mohammed Apabhai, head of Asia trading strategy at Citigroup Global Markets in Hong Kong. By then,...
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