Global hedge funds sharply increased their selling of emerging Asian equities last week, marking the heaviest bout of selling since April 2025, according to a Goldman Sachs client note reviewed by Reuters. The shift underscores a growing wave of risk aversion among institutional investors amid escalating geopolitical tensions.The scale of selling mirrors levels last seen in April 2025, a period marked by heightened global trade uncertainty following the announcement of steep tariffs by the Trump administration on key trading partners. The latest bout of risk-off sentiment appears to be driven by a different catalyst, with the intensifying Iran conflict weighing...