Trade war spooks Chinese stocks as ECM deals suffer

China stock crash PA 230x150
By John Loh
28 Jun 2018

Asia’s markets were on edge this week as Chinese equities fell into bear territory and the simmering trade war between the US and China deepened. The tensions felled two IPOs but have not brought fundraising activity to a complete stop, even as bankers remain unsure about what happens next. John Loh reports.

Chinese shares slipped further into the red on Thursday, bringing losses in the onshore equity market to nearly $2tr in five months. The benchmark Shanghai Composite Index saw its sharpest monthly fall this week since January 2016.

The picture was not much brighter offshore, as the Hong Kong-traded ...

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