In the second largest economy in the world, the plunge in equities in the last three weeks has reached $3,000bn in market value. More than a third of all listed firms on the Shanghai and Shenzhen exchanges have suspended dealings in their shares to restore confidence. Despite stability measures taken by local authorities, investors are still nervous. Prudential is exposed to the Chinese economy in that Prudential Corporation Asia (incorporating the asset management business, Eastspring Invest
09 Jul 2015
Sheltered from the Chinese storm...for the moment
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Sheltered from the Chinese storm...for the moment
Prudential plc (PRU:LON) | 723 221.3 4.4% | Mkt Cap: 19,883m
- Published:
09 Jul 2015 -
Author:
Bassem Neifer -
Pages:
2
In the second largest economy in the world, the plunge in equities in the last three weeks has reached $3,000bn in market value. More than a third of all listed firms on the Shanghai and Shenzhen exchanges have suspended dealings in their shares to restore confidence. Despite stability measures taken by local authorities, investors are still nervous. Prudential is exposed to the Chinese economy in that Prudential Corporation Asia (incorporating the asset management business, Eastspring Invest