JP Morgan’s ‘fat finger’ story … from a research note published back in March:
As risk management becomes the most important consideration among global investors in relation to their China investment strategy, as they price in China’s geopolitical risks, we view China Internet as uninvestable on a six-12-month view with a binary share price outlook.”
“Uninvestable’ was replaced by ‘unattractive’ in most notes that went out, but the offending word remained in some of the published versions.
The Yahoo piece has more, noting:
Following the report, US and Asian markets shed roughly $200 billion, according to data compiled by Bloomberg.