Thursday 2 April 2020
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scmp - 1 month ago

‘Sell on Friday’ is China stock traders’ hedge against coronavirus jitters and weekend blues

Stock traders in Hong Kong and mainland China may have found the answer for overcoming the market jitters caused by the coronavirus jitters – by lightening up their holdings on Fridays to skirt potential headline shocks on weekends.Dialling back risk appetite before the weekend appears to have some traction, going by trading patterns this year. The MSCI All Countries World Index has posted declines in five of the seven Fridays, after the killing of an Iranian top general on January 3. Investors…

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