The Risk of Massive Capital Flight
Monday, June 2, 2025
Policy whiplash sends global markets into turmoil. Asia’s US$7.5 trillion exposure faces mounting risk.
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THE second Trump presidency is starting to resemble a broken compass—its needle spinning erratically, offering no reliable direction. Over the past two months, global financial markets have been rocked by a barrage of unpredictable trade measures and abrupt reversals from Washington, each more bewildering than the last.
On April 2, 2025—what the White House branded as “Liberation Day”—President Donald Trump stunned
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