[Citigroup Reduces U.S. Stock Exposure Due to Ongoing War Risks] According to a report by Jinse Finance on March 27, Citigroup is reducing its exposure to U.S. stocks and has warned that the conflict with Iran is unlikely to end quickly, with downside risks on the rise. The bank has downgraded its overweight position in small-cap stocks to neutral and adjusted its overall equity allocation to neutral, citing factors such as the oil shock, weak macro signals, and tightening liquidity. The market is already under pressure, with major stock indices approaching correction territory. Citigroup has warned that the current level of panic is limited, and if tensions escalate, the market still has room for further declines.