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Nomura CIO Warns Higher Volatility From AI, Geopolitics

8/24/2026

Summary

Story summary

Julia Wang, Nomura’s chief investment officer, warned investors of sustained higher volatility due to AI and geopolitical risks.
She said periodic spikes stem from long-term market-structure changes and would ease only with a global recession.
Wang joined Nomura’s wealth-management arm in November 2025 to advise offshore clients with at least US$20 million.
She noted recent swings like the US Liberation Day rally, semiconductor drops and US Treasury sell-offs.

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Story summary

Julia Wang, Nomura’s chief investment officer, warned investors of sustained higher volatility due to AI and geopolitical risks.
She said periodic spikes stem from long-term market-structure changes and would ease only with a global recession.
Wang joined Nomura’s wealth-management arm in November 2025 to advise offshore clients with at least US$20 million.
She noted recent swings like the US Liberation Day rally, semiconductor drops and US Treasury sell-offs.