Anxious Chinese Investors Cut Equities Risk Ahead of Holiday

(Reuters) Unnerved by a slump in their stock market in the past two weeks, Chinese investors are playing it safe as they head into week-long Lunar New Year holidays by reducing their equity holdings. China’s stock market will be closed from Thursday through next Wednesday for the holiday. In preparation, money is flowing into less risky assets, such as bonds, while traders are also scooping up derivatives to hedge against market risks.

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