[UBS Says Clients Increasingly Focused on Hedging Downside Risks] Golden Finance reported that UBS Group stated its clients are preparing for market downturns and warned that sentiment surrounding booming markets could shift rapidly. UBS, in its third-quarter earnings report released on Wednesday, noted that due to high valuations across most asset classes, 'investors remain active but are increasingly focused on hedging downside risks.' Looking ahead to the fourth quarter, UBS pointed out, 'As confidence in the outlook is tested and seasonal factors come into play, market sentiment could shift rapidly.' Currently, there are almost no signs indicating that this situation will occur.