CIO Market Pulse – Fragile Truce
CIO Market Pulse – Fragile Truce Ceasefire delivered only brief relief as ongoing closure of Hormuz strait and the failure to reach adeal in Pakistan underscore limited scope for deescalation...
Chief Investment Office - Hong Kong13 Apr 2026
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CIO Market Pulse –  Fragile Truce

  • Ceasefire delivered only brief relief as ongoing closure of Hormuz strait and the failure to reach a
    deal in Pakistan underscore limited scope for deescalation
  • Ceasefire fragility argues for resilient portfolio positioning via alternatives like hedge funds and gold; Favour less energy-intensive sectors like technology and financials amid rising energy cost
  • FOMC minutes reveal a deeply divided committee that may complicate the Fed's rate cut trajectory; This could limit USD weakness in the medium term
  • Quantum risk to Bitcoin becoming more visible in theory; It is however not imminent and the crypto ecosystem is also preparing well ahead of time
  • Recent sell-off appears sentiment driven, with semiconductor fundamentals intact; Favour upstream leading-edge semiconductors and AI infrastructure as beneficiaries of rising compute demand

CIO Focus Charts



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