Citi reduces holdings of U.S. stocks due to ongoing war risks

```htmlJinse Finance reported on March 27 that Citi is reducing its exposure to U.S. stocks and warns that the Iran conflict is unlikely to end quickly, with downside risks rising. The bank has lowered its overweight position in small-cap stocks to neutral and adjusted its overall stock allocation to neutral, citing oil shocks, weak macro signals, and tightening liquidity. The market is already under pressure, with major stock indices approaching correction territory. Citi warns that current levels of panic are limited and that there is further downside potential if tensions escalate.```