A major selloff of Chinese stocks stemming from Beijing's regulatory crackdown on private businesses in a variety of sectors, including technology and education, is likely a "localized" phenonemon, John Bilton, the head of global multi-asset strategy at J.P. Morgan Asset Management, told Bloomberg TV on Tuesday.
Bilton said fears may spread to the United States and Europe, where "investors who perhaps have got a little bit more ... nervousness to them may want to ... sit on their hands." But, he continued, "let's make no mistake: What you're seeing going on right now is a classic battle between earnings delivery, which is coming through strongly out of the U.S., strongly out of Europe, and then you're seeing a reminder of some of the regulatory issues that persist within China."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 inexcusably hilarious cartoons about Ghislaine Maxwell angling for a pardonCartoons Artists take on the circle of life, Ghislaine's Island, and more
-
Ozzy Osbourne obituary: heavy metal wildman and lovable reality TV dadIn the Spotlight For Osbourne, metal was 'not the music of hell but rather the music of Earth, not a fantasy but a survival guide'
-
Sudoku medium: August 2, 2025The Week's daily medium sudoku puzzle
-
Is Trump's tariffs plan working?Today's Big Question Trump has touted 'victories', but inflation is the 'elephant in the room'
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Why the world's busiest shipping routes are under threatThe Explainer Political tensions, mega ships and global warming offer new challenges – and opportunities
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Labubu: the 'creepy' dolls sparking brawls in the shopsIn the Spotlight Craze for the pint-sized soft toys has reached fever pitch among devotees
