Global recovery set to ride out Omicron but asset managers in Hong Kong feel the pinch
The Covid-19 variant is unlikely to cause distress for investors banking on global recovery, but quarantine restrictions in Hong Kong are set to put the bite on any comeback.
The rapidly spreading Omicron variant of Covid-19 appears to be causing little distress for investors in the overall picture of the global economic recovery, but may pose unique problems for Hong Kong in the short-term, analysts say.
“While the Omicron wave has led to an unprecedented spike in new cases across many countries, the economic fallout is likely to be limited,” Harmen Overdijk, global chief investment officer at Leo Wealth, Hong Kong told AsianInvestor.
Harmen Ov…
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