Russian President Vladimir Putin, left. and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing last month. Photo: AFP via Getty Images/TNS
Ukraine war: risk of sanctions puts China stocks in valuation, geopolitical traps as companies face Russia dilemma
- Chinese stocks are on ‘cheap sale’ after a US$2.4 trillion sell-off in both onshore and offshore markets since Russia invaded Ukraine
- What investors cannot price, however, is the risk of sanctions on China’s biggest companies
Russian President Vladimir Putin, left. and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing last month. Photo: AFP via Getty Images/TNS
