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By Reuters Staff 4 Min Read SHANGHAI (Reuters) - As U.S. investors dump shares in Chinese companies blacklisted by outgoing 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. FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) in Shanghai, China October 14, 2020. REUTERS/Aly Song Trump signed an executive order on Nov. 12 that bars U.S. securities investment in Chinese companies allegedly owned or controlled by the Chinese military. The outgoing U.S. president is considering expanding that blacklist of 35 firms to include Alibaba and Tencent. ....
Chinese bargain hunters pile into stocks blacklisted by Trump - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.