Editor's take on global markets: Anil Singhvi says US-China relationship biggest trigger, not coronavirus

Amid straining US-China relationship over autonomy of Hong Kong, Zee Buiness Managing Editor Anil Singhvi has said that the global markets have moved on from coronavirus crisis and the major trigger from them will now be the US-China relationship. Singhvi said that since US Presidential Polls are going to take place in America this year and new US President will take over from 3rd November 2020, Donald Trump will not leave a single chance to take strong stand against China. Today, it's Hong Kong autonomy, yesterday it was Coronavirus and tomorrow, it can be anything else that can rattle China.

Giving his views on the ongoing US-China standoff on the Hong Kong matter Anil Singhvi said, "Had it not been the US presidential poll year, I would have taken the Hong Kong matter very seriously, but due to the fast approaching US Presidential Polls in the US, I see it more politically motivated." 

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Singhvi said that Donald Trump is trying to make an impression in the US that he is taking stand against the China for all the wrong it is doing either it is Coronavirus spread or it's autonomy of Hong Kong.

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On its impact on the global stock market Anil Singhvi said, "In the coming few months, US-China relationship will be the bigger trigger than the Coronavirus as the global stock market has moved from the COVID-19 pandemic. Due to the fast approaching US Presidential Polls, Donald Trump will go more hard against the Chinese administration as he will leave no stone unturned to showcase himself as a leader who can take strong stand against the Chinese misconducts." Singhvi advised stock market investors to keep an eye on the Wall Street indices, especially the Dow Futures as it will led the global markets and Dow Future movement will be crucial for major global indices, including Indian Sensex, Nifty, Bank Nifty, etc.