• Kingswood has taken an initial stake in Manhattan Harbor with a pathway to acquire an additional interest • Partnership gives Kingswood a strong foothold in the largest global wealth market • Best-in-class team now in place to drive US strategy Kingswood, the listed UK based wealth manager, today announces that it has acquired an interest in Manhattan Harbor Capital … Read More
Equity markets remain hostage to developments in the ongoing US-China trade battle and fell 2% last week as tensions increased further. China retaliated against the US move the previous week with its own move to impose additional tariffs. Meanwhile, Trump banned US companies from using Huawei, the Chinese telecoms equipment manufacturer.
Equity markets have been knocked down by the escalation of trade tensions between the US and China with global equities now some 3-4% off their recent highs. The correction is not a big surprise as hopes of a trade deal were a major factor behind the 15% gain racked up this year before the latest sell-off.