13-08-2014, 09:27 AM
China became the biggest winner again, amid the sanctions on Russia, with a perceived more sanctions on financial assets. I doubt there will be sanction on Russian financial assets...
It is interesting to see the progress upon the new trading link between Hong Kong and Shanghai exchanges, in coming Oct...
As money leaves Russian stocks, China, other BRICS benefit
13 Aug 2014 06:47
[LONDON] With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.
Russia has performed worse than any other big emerging market so far in 2014, with stocks down 17 per cent in dollar terms and the rouble losing 9 per cent. In the bond market too, anyone who bought rouble-denominated debt this year would have lost 14 per cent, according to JPMorgan's GBI-EM index.
Sanctions placed on Moscow for its perceived role in the Ukraine crisis do not yet bar holding shares of Russian companies that are viewed as close to the Kremlin.
But investors have been exiting all the same, fearing more sanctions that could pull other Russian assets into the net.
...
Source: Business Times Breaking News
It is interesting to see the progress upon the new trading link between Hong Kong and Shanghai exchanges, in coming Oct...
As money leaves Russian stocks, China, other BRICS benefit
13 Aug 2014 06:47
[LONDON] With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.
Russia has performed worse than any other big emerging market so far in 2014, with stocks down 17 per cent in dollar terms and the rouble losing 9 per cent. In the bond market too, anyone who bought rouble-denominated debt this year would have lost 14 per cent, according to JPMorgan's GBI-EM index.
Sanctions placed on Moscow for its perceived role in the Ukraine crisis do not yet bar holding shares of Russian companies that are viewed as close to the Kremlin.
But investors have been exiting all the same, fearing more sanctions that could pull other Russian assets into the net.
...
Source: Business Times Breaking News