Stock market sell-offs in China prompt fund managers to buy their own products to boost confidence
Stock market sell-offs in China prompt fund managers to buy their own products to boost confidence

Stock market sell-offs in China prompt fund managers to buy their own products to boost confidence

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Stocks listed in Shanghai and Shenzhen are tumbling in tandem with global peers these days, mid investors' concerns about more aggressive tightening by the US Federal Reserves, prompting top Chinese fund management companies to invest in their own fund products to boost market confidence.

The benchmark Shanghai Composite Index dived 1.8% to drop below 3,400 mark and close at 3,394. The tech-heavy Chinext Price Index slumped 3.2% to approach 2 . . .

Sign In or Subscribe To Get Full Access.

 

Everything on The Wire.

We Cover China Market In Real-Time Mode. Follow Us To Stay Updated!

 

TRY FOR FREE. 

Subscribe Now! 

Easy Cancel Anytime

 

Not ready for full subscription?

Sign Up For Free Weekly China Market Highlights HERE!Â