A significant global trade war and China’s emergence as a tech leader are prompting a shift in global investment away from the U.S. While China deployed more stimulus to mitigate the impact of U.S. tariffs, Europe proposes a massive fiscal overhaul. Consequently, European and Hong Kong tech stocks are surging, and investors are reevaluating the appeal of U.S. assets.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger