BUSINESS● ELEVATEDJul 16 · Jul 16, 2026, 8:01 AM
Ex-World Bank official warns of need to diversify away from US markets: people will suffer
South China Morning Post
A coordinated push towards global market diversification is urgently needed to shield savers from a potentially dangerous valuation correction in highly concentrated US equities, a former World Bank official has warned. Speaking at an event in Hong Kong on Thursday, Ian Goldin, the former World Bank vice-president, now a professor of globalisation and development at Oxford University, said the growing concentration of capital in a handful of highly valued US technology companies had left...
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