Trade War Spurs Investor Shift to Asian Consumer Stocks

In the wake of escalating trade tensions between the U.S. and China, investors are increasingly turning to Asian consumer stocks as a defensive strategy. Goldman Sachs strategists have highlighted the resilience of companies catering to local essential needs, recommending them as a safe haven in their recent reports.

This shift comes after the latest round of tariffs imposed on April 2, which has prompted a reevaluation of investment strategies in the region. The focus is now on businesses that are less exposed to international trade disputes and more aligned with domestic consumption trends.