Markets Punish Multinationals Dependent on China (Nikkei Asian Review)

A year into the Sino-American trade war, shares of global corporations with significant Chinese business are underperforming those without.

Nikkei took dollar-based stock prices for 300 companies with the world’s largest market capitalizations and compared them against the end of June 2018, just before the trade war began. At enterprises generating 20% or more of their total sales in China, share prices were up just 1%. But at companies earning 5% or less, stock prices rose 8%. READ MORE

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