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Emerging markets PM, economist, CFA charterholder

Mark A. DeWeaver, PhD, CFA

Thematic (Sector/Industry)

China Metals and mining / Thematic (Sector/Industry)

<a href="https://www.smartkarma.com/entities/204" target="_blank" data-smartkarma-citation="entities:204:1">Maanshan Iron &amp; Steel H (323 HK)</a> and <a href="https://www.smartkarma.com/entities/203" target="_blank" data-smartkarma-citation="entities:203:1">Angang Steel Co Ltd (H) (347 HK)</a> were down 4.8% and 2.4%, respectively, last Friday (March 2), following the announcement of a 25% US tariff on imported steel. Both under-performed the <a href="https://www.smartkarma.com/entities/22900" target="_blank" data-smartkarma-citation="entities:22900:1">Hang Seng China Enterprises Index (HSCEI INDEX)</a>, which fell only 1.8%. (See Figure 1.) Investors were clearly rattled by the possibility that American protectionism might pose a threat to the two steel makers.Figure 1. Angang (347.HK), Magang (323.HK), and the HSCEI. (Daily…

Maanshan Iron &amp; Steel H (323 HK) and Angang Steel Co Ltd (H) (347 HK) were down 4.8% and 2.4%, respectively, last Friday (March 2), following the announcement of a 25% US tariff on imported steel. Both under-performed the Hang Seng China Enterprises Index (HSCEI INDEX), which fell only 1.8%. (See Figure 1.) Investors were clearly rattled by the possibility that American protectionism might pose a threat to the two steel makers.Figure 1. Angang (347.HK), Magang (323.HK), and the HSCEI. (Daily…

Chinese Steel Maker Sell-Off an Overreaction