UBS Chairman Colm Kelleher is seen on a giant screen delivering a speech during the annual general meeting of Swiss banking giant UBS in Basel, on April 15, 2026. (Photo by Fabrice COFFRINI / AFP via Getty Images)

UBS Chairman Colm Kelleher delivers a speech during the annual general meeting of Swiss banking giant UBS in Basel, on April 15, 2026. (Photo by Fabrice COFFRINI / AFP via Getty Images)

UBS CEO Sergio Ermotti gestures during the annual general meeting of Swiss banking giant UBS in Basel, on April 15, 2026. (Photo by Fabrice COFFRINI / AFP via Getty Images)

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 15, 2026. (AP Photo/Ahn Young-joon)

A currency trader reacts near a screen showing international oil prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 15, 2026. (AP Photo/Ahn Young-joon)

A crane loads cargo onto a ship at a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A crane loads cargo onto a ship at a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Trucks loaded with containers drive through a port in Zhangjiagang, in China's eastern Jiangsu province on April 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT