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How Traders Trapped by China Holidays Are Hedging the Virus Risk
This is a nerve-wracking week for global investors with exposure to Chinese assets: the country’s markets are closed for the Lunar New Year, leaving them unable to hedge risks arising from the coronavirus epidemic. Still, there are a range of stock and bond proxies listed in the rest of Asia, Europe and the U.S. that offer a way to trade -- even when the country is closed: U.S. Listings As many as 79 Chinese companies have their ordinary shares or depositary receipts in the New York Stock Exchange, according to an exchange publication. That includes Alibaba Group Holding (consumer-discretionary), PetroChina Co. ... (full story)