Legendary trader George Soros criticised BlackRock Inc for investing in China, writing in a Wall Street Journal op-ed that it was a “tragic mistake” and likely to lose money.
WHAT we’ve got here is a failure to communicate, as Paul Newman observed just before being shot in Cool Hand Luke.
Chinese and foreign investors appear to have an acute difference of opinion over how the government’s shifting of the regulatory goalposts has affected equity valuations.
A gauge of US-traded Chinese stocks had fallen about 43% from its February high as of Friday afternoon, while the MSCI China Index used as a benchmark by many global investors had lost 27%.
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