China State Funds Sought to Cushion Blow as Stocks Tumble

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Chinese state-backed funds were active in selected stocks on Monday, people familiar with the matter said, seeking to cushion the blow from a sudden escalation in trade tensions with the U.S.. Among the funds' targets were two large oil companies, the ...

from Google Alert - Business http://bit.ly/2GTHSDi
Chinese state-backed funds were active in selected stocks on Monday, people familiar with the matter said, seeking to cushion the blow from a sudden escalation in trade tensions with the U.S.. Among the funds' targets were two large oil companies, the ... https://ift.tt/eA8V8J

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