China equity funds hit as stocks undergo a correction on mounting risk
Thursday 01 Apr 2021 Author: Yoosof Farah
When it rains, it pours seems to be an appropriate adage for Chinese stocks at the moment with investors in the country hit by a cornucopia of bad news including increased regulation, rising tensions with the Biden administration in the US and a crackdown on Chinese firms listed in New York. Big tech names like Alibaba and Tencent, two major holdings in many Chinese equity funds, have taken a...