chinese equities: That is when China's equity markets were thrown into turmoil by the devaluation of the yuan, according to Market Watch. Investors weren't just exiting Chinese equities, however, with total emerging market outflows totaling 13 billion. The past two weeks have seen net outflows for the asset class of 5.32 billion, with exits over the past week at 2.76 billion the largest weekly outflow since July 2015 see chart below the institute said Friday. Institute of International Finance Caption outside of wrapper for normal article images China's CSI 300 index 000300, -2.54% fell 2.2% this week and is off 6.8% so far this month, but has rallied more than 21% in the year to date. The S&P is up 14.6% year to date. The S&P 500 SPX, -0.58% bounced back from a Monday selloff that followed China's retaliation over the U.S. decision last week to raise tariffs on 200 billion of Chinese imports to 25% from 10%, leaving the large-cap benchmark off 0.3% for the week and around 2.4% for the month.
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