The Big Theme 

When funds hold too much cash

When funds hold too much cash

With parts of China's economy in lockdown in a bid to halt the spread of the coronavirus, equity markets have been more volatile. The CSI 300, an index of Shanghai and Shenzhen-listed stocks, reopened to a one-day loss of nearly 8 per cent earlier this month following the Chinese New Year holiday period. Markets elsewhere have also been volatile because investors fear the wider economic impact of the virus outbreak.

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