Reports emerged last week that Donald Trump was considering a ban on Chinese companies listing on US exchanges, as the next escalation of the US-China trade war.
We doubt it will happen.
Nasdaq, for one, has been quick to pour scorn on the idea, and to point out it is US institutions that would lose out from such a measure.
However, the reports were sufficient to undermine US markets, and in particular US-listed Chinese tech stocks such as Alibaba.
Bugbear
One constituency won’t mind the rumour at all: Asia-Pacific stock exchanges.
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