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Casinos and Evergrande crises renew worries over China stocks

Casinos and Evergrande crises renew worries over China stocks
japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.

China stocks rise on financials boost, set for weekly gains

China stocks rise on financials boost, set for weekly gains
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China stocks rise on financials boost, set for weekly gains

Tech Crackdown Hits Chinese Stocks, Just Not in China

Provided by Dow Jones By Elaine Yu China s tech crackdown is mostly affecting firms listed outside the country, helping to create a big performance gap between onshore and offshore Chinese stocks. In the three months to Tuesday, an iShares exchange-traded fund tracking an MSCI Inc. index of 490 onshore Chinese stocks, or A Shares, has gained 8.9%, according to FactSet. A similar vehicle that follows the broader MSCI China index is up just 0.2% over the same period. Over the last 12 months, the former has outperformed by 20 percentage points. The wider index includes some shares listed in Shanghai and Shenzhen, but is heavily tilted toward internet companies, most of which are listed in Hong Kong and the U.S.

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