Hong Kong investors stung by stock market losses seek refuge in low-risk products, brokers say

Hong Kong investors' demand for low-risk products and defensive asset management is rising because of financial market volatility, which has led to some brokerages introducing new products. The first quarter saw major international markets go into a tailspin due to geopolitical tensions, Covid-19 lockdowns in China and rising interest rates globally. "As global markets became more volatile, investors have become more defensive in [the choice of] asset classes they hold since February," said Kenny Ng Lai-yin, a strategist at Everbright Securities International. Do you have questions about the biggest topics and trends from around the world? Get the answers with…