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Western Asset Global Corporate Opportunity Fund Inc. shares fall 1.22% premarket as investors seek tariff-proof trades amid economic uncertainty.
ByAinvest
Friday, Apr 4, 2025 8:02 am ET1min read
Western Asset Global Corporate Opportunity Fund Inc. fell 1.22% in premarket trading. The decline may be attributed to the broader market sentiment, with investors seeking protection against potential economic pain from tariffs and higher inflation. News reports indicate that brokerages such as HSBC, Deutsche Bank, and BofA have raised the risks for a U.S. recession due to President Trump's new tariffs, which could shave 1-1.5 percentage points off the economy. Additionally, the S&P 500 has lost 7.7% since its post-inauguration peak, adding to the overall market volatility.
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