Analysis:China investment consensus cracks as politics fuel fears

SINGAPORE : Decades-long foreign bullishness on China's capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.S. investors especially wary.Post-pandemic recoveries in exports, property and shopping have run harder than expected. Stock market returns are solid.

"Foreign money at the moment, particularly from the U.S., is reluctant to invest," and many managers are steering clear after seeing wartime sanctions erase the value of Russian investments, he said. Allocation analysis from data firm EPFR shows a broad downtrend, especially to U.S.-domiciled China funds. Allocation to those hit a record low last October and has been falling on an annual basis for four years, EPFR figures show.

"Virtually from 2000 until pre-COVID, it was all a one-way bet for China," said Ashley Pittard, head of global equities at Pendal in Sydney.

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Analysis:Market calm invites risk of BOJ shockTOKYO : Investors have dialled down wagers on a policy shift at the Bank of Japan this week, which has opened a window of calm that ironically affords governor Kazuo Ueda a chance to move quickly. For months investors have been doubting policymakers' assurances that the BOJ isn't planning to change its
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