A 13% Loss Greets Funds Buying Chinese Stocks for First TimeBy
Shanghai shares have fallen 13% in June in dollar terms
- MSCI added Chinese equities to benchmark gauges this month
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 percent in dollar terms since MSCI Inc. 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…
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