Chinese retail investors are flocking to their domestic stock market in a display of patriotism amid escalating trade tensions with the United States.
What Happened: Since U.S. President Donald Trump announced “reciprocal tariffs” on April 2, often referred to as “Liberation Day,” Chinese individual investors have been joining state-backed institutional buyers to defend their stock market against foreign pressures, reported Reuters.
“The goal isn’t to make money. It’s about contributing to my country,” said Cao Mingjie, a home designer from Guangdong province who began investing after the tariff announcement. “Every individual should stand by the country until the end.”
This patriotic investment movement has generated 45 billion yuan ($274 million) in net retail inflows since the April 4 market rout, …