Market Views: How should Asian investors approach UK markets after the political turmoil?

On October 25, Liz Truss stepped down as British prime minister after just 50 days in office, during which big tax cuts in a hastily-assembled mini-budget prompted financial turmoil. Her departure ended a turbulent and at times chaotic premiership, marked in its final days by a series of policy reversals. Her initial pick as chancellor, close ally Kwasi Kwarteng, delivered a mini-budget only weeks after taking office in which he announced the biggest package of tax cuts in 50 year…