Equity traders flip from hate to love for China
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COMPANIES that do business with China have gone from pariahs to market darlings in less than half a year.
An index of firms in developed markets that get the most sales from the Asian nation, including Qualcomm Inc, Yum Brands Inc and mining giants Rio Tinto Group and BHP Billiton Ltd, has risen 33 per cent since a low in February, outpacing global shares by the most in almost a year, data compiled by Bloomberg and MSCI Inc show. That is some recovery for a gauge that slumped as much as 35 per cent in less than a year.
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