To be sure, the virus-led volatility has invoked memories of the 2008 Global Financial Crisis and the 2000 dot-com bust. Yet, Hou’s message is clear: This too shall pass.
SINGAPORE (Mar 26): In what has been one of the fastest sell-downs in history, the Covid-19 outbreak has single-handedly driven global equities to bear territories in the span of just a few trading sessions.
But, despite the massive market meltdown, DBS chief investment officer Hou Wey Fook believes most of the negative headwinds have already been substantially priced in.
