Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021.
Tingshu Wang | Reuterss
While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock warns.
BlackRock Investment Institute said in a report Monday that its proprietary Geopolitical Risk Indicator has fallen to its lowest in four years, as investors focus more on inflation and the economic recovery than geopolitics.
That marks a shift in attention from U.S.-China trade tensions or a North Korea nuclear attack, both of which have rattled markets in the last few years.
“The gauge has been hovering in negative territory…