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Price and policy fears drive Chinese investors into cloistered stocks


5 Min Read
SHANGHAI (Reuters) - Worries about the frothiness of China’s stock market and steps authorities might take to rein it in are forcing investors out of popular technology and consumer sectors and into small-cap shares and other sequestered stocks in sectors such as banking.
FILE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song
That churn has seen investors rush out of richly valued market darlings such as Tencent Holdings Ltd and Meituan. Shanghai-listed spirit maker Kweichou Moutai Co Ltd, a popular bet on China’s rising consumerism, has plunged 25% from its Feb. 18 high. ....

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