China price wars help spark US$157 billion rout in mainland consumer stocks as Alibaba, Yum China and BYD drag the market
Gauges of consumer stocks have been the worst performers on the MSCI China Index since the end of September, after the real estate measure. The aggregate market value of companies included in the two consumer indexes has fallen by about US$157 billion since. Consumer stocks have been the worst performers on the MSCI China Index … Read more
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