Norway's Wealth Fund CEO Warns of Stock Market Uncertainty Amid Geopolitical Shifts

Norway's $1.7 trillion wealth fund CEO, Nicolai Tangen, warns that stock markets may not continue their recent rise due to global uncertainties and shifting geopolitical situations. He highlighted the increased risks and challenges facing stock markets in the current climate.

The CEO of Norway's $1.7 trillion wealth fund, Nicolai Tangen, has cautioned that stock markets may not sustain their recent upward trajectory. He attributed this to the current geopolitical changes and increasing global uncertainty.

'When you look at how the fund has developed, it looks fine... But this will not carry on this way,' Tangen told a press conference. He emphasized that stock markets do not traditionally perform well in the long term under such conditions.

'There are more risks to stock markets now than there was before,' Tangen added, highlighting the shifting geopolitical landscape as a significant factor.

(With inputs from agencies.)