With ‘no place to hide’, traders spend sleepless nights as Iran war roils markets

Key event: a steep global market selloff tied to the war in the Middle East has prompted Shanghai-based fund manager Wang Yapei to cut positions aggressively to reduce risk. She framed the moves as capital-preservation to ‘sleep well at night.’ Expect continued risk-off flows and elevated volatility in Asian and emerging-market assets until geopolitical risks ease.

Analysis

Key event: a steep global market selloff tied to the war in the Middle East has prompted Shanghai-based fund manager Wang Yapei to cut positions aggressively to reduce risk. She framed the moves as capital-preservation to ‘sleep well at night.’ Expect continued risk-off flows and elevated volatility in Asian and emerging-market assets until geopolitical risks ease.