Chinese bargain-hunters pile into stocks blacklisted by Trump
Outgoing US president is considering expanding list of 35 firms to include Alibaba and Tencent
Sat, Jan 09, 2021 - 5:50 AM
As United States investors dump shares in Chinese companies blacklisted by outgoing US President Donald Trump, bargain-hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban.
PHOTO: AFP
Shanghai
AS United States investors dump shares in Chinese companies blacklisted by outgoing US President Donald Trump, bargain-hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban.
Register to read this article. Log in if you are already a subscriber.Register to read this article. Log in if you are already a subscriber.Please log in or subscribe to continue reading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes