Fidelity on the hunt for under-performing Chinese banking stocks, while avoiding pharmas

ICBC dropped 1.9 per cent to 5.63 yuan (US 87.7 cents) in Shanghai on Wednesday, adding to a 9.2 per cent decline this year, Construction Bank slid 2.2 per cent to 7.05 yuan to cap a 8.2 per cent year-to-date loss, and Bank of China fell 1.8 per cent to 3 …
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