China Fund Redemptions Blocked in Japan After Trading Halts
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Japan’s biggest securities firms blocked customers from buying and selling Chinese equity funds after trading halts left half of mainland shares frozen.
Nomura Holdings Inc.’s asset-management unit suspended redemptions from three funds as of Thursday and said it won’t take orders for two of them. Daiwa Securities Group Inc.’s fund-management arm said it stopped purchases and redemptions on two funds tracking mainland A shares.