U.S.-China tensions shouldn't stop Asian stocks from outperforming, UBS says

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Any potential move that U.S. President Donald Trump may take against China will likely be 'more bark than bite,' said Kelvin Tay, regional chief investment officer at UBS Global Wealth Management.

Tensions between the U.S. and China, which have escalated in recent months, shouldn't "be a big impediment for Asian equities to outperform," said Kelvin Tay, regional chief investment officer at UBS Global Wealth Management.

Within Asia, Tay said UBS likes stocks in Singapore with banks representing quite decent value at this stage of the game."

 

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