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1.Market Observations, 8.Was Sticky

30 June 2018 (AFR) – Gut punch for global funds buying China stocks for first time

(30 June 2018, AFR, p24, by Kana Nishizawa)

‘Global passive funds are buying China’s domestically traded shares for the first time and it’s not going well. Stocks in Shanghai have tumbled 13 per cent in dollar terms since MSCI added so-called A shares at the start of the month. Only equities in Argentina and Namibia have performed worse. Worries about a slowing economy, tightening liquidity and possible trade war are plaguing the world’s second-largest stock market, while a suddenly tumbling currency is only adding to foreign investor losses.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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