News Formal

What Trade War? FTSE Adds Mainland China Stocks To $140 Billion Index

  • 📰 Forbes
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Despite the negative headlines on China, and the threat of Washington slapping tariffs 10% or more on everything shipped to the U.S. from China, the world's biggest financial indexes can't get enough of Shanghai and Shenzhen listed companies

COSCO Shipping Holdings added to the FTSE EM this month. Photographer: Jerome Favre/BloombergMedical devices company WuXi AppTec launched in May, raising $354 million in an IPO. The Shanghai-listed company’s share price is up 18.29% year-to-date in the local currency, underperforming the Shanghai Composite index, which is up over 30%.

The total market capitalization of China A Shares included in the FTSE Emerging Index is $59 billion as of Monday, with another $295 billion to be added by March 2020. Around $140 billion is tracking the FTSE Emerging Index, according to the company.“The markets have been rocked since early May by the apparent breakdown of trade talks between the U.S.

“Even now, valuations are relatively cheap at about 12 times,” says Yeo, adding that those multiples are below five-year averages, thanks in large part to trade uncertainties. “We are long-term, fundamental investors and look beyond the short-term noise,” says Yeo about the risk of more anti-China tariffs later this year. Sectors Aberdeen likes include travel, liquor and China’s burgeoning healthcare services industry, especially companies that are more dependent on China and/or Asia, and less dependent on the U.S.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

The trump administration really starting to piss me off. More than i was already actually.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 394. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stocks close little changed with the June rally on hold ahead of US-China trade talksStocks held steady today as investors await the key meeting between President Trump and Chinese President Xi at this week’s G20 summit. The Dow gained just 8.41 points, and the S&P slid less than 1% at the close. The TrumpRecession is not far away ! Mark my words, this 20 times bankrupt fool, will crash it all down ! It’s just a matter of time !
Källa: CNBC - 🏆 12. / 72 Läs mer »