World News: 03:38 GMT Monday 13th May 2019. [Yahoo Business News Feed via SPi World News]
Foreigners are dumping mainland-listed shares at a record pace, just as MSCI Inc. prepares to expand their weighting in its benchmark indexes. Chinese stocks remain some of the best performing in world this year, yet about $1 trillion has been wiped from the country’s equity markets in just three weeks as the trade dispute with the U.S. returned to center stage. “Renewed fears of further trade escalation had invited foreign investors to have second thoughts,” said Jingyi Pan, a market strategist at IG Asia Pte Ltd. in Singapore.
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