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Trade in H shares keeps burning investors
MSCI China Index down 21% since April amid stock crash, weak data, signs of US rate hike.
'VALUE TRAP': Hong Kong's Hang Seng H-Share Index ETF, which lured record inflows in April, has recorded withdrawals for the past two weeks.
PHOTO: AFP
Taipei
IT looked like a no-brainer for buyers of Chinese shares in Hong Kong. Valuations in April were 25 per cent cheaper than in the mainland, monetary stimulus was just getting started and money was pouring in through Hong Kong's new exchange link with Shanghai.
Bulls snapped up...
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