How traders trapped by China holidays hedge virus risk


As many as 79 Chinese companies have their ordinary shares or depositary receipts in the New York Stock Exchange, according to an exchange publication. That includes Alibaba Group Holding (consumer-discretionary), PetroChina Co. (energy) and Yum China Holdings (restaurant chain).

THIS is a nerve-wracking week for global investors with exposure to Chinese assets: the country’s markets are closed for the Lunar New Year, leaving them unable to hedge risks arising from the coronavirus epidemic.

Still, there are a range of stock and bond proxies listed in the rest of Asia, Europe and the US that offer a way to trade -- even when the country is closed:

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global investors , Chinese assets , hedging

   

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