The Irish Strategic Investment Fund, the new name for the National Pension Reserve fund, had €39m invested in Chinese stocks at the end of last year, with millions more invested in other emerging markets. These investments have taken a beating in the past two weeks, as Chinese stocks plummeted following the publication of worse-than- expected Chinese economic data.
The data prompted the biggest sell-off of shares in the world's second largest economy since 1996, with the CSI 300, an index of China's largest companies, down a quarter in ten days. In total, Chinese shares tumbled €4.5 trillion between mid-June and late August...............................................Full Article: Source
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