Thread by @DimitriASimes

CNN reports: "Chinese retail investors are snapping up stocks with even the slightest link to trade with Russia, as they bet on closer economic ties between the two countries following unprecedented Western sanctions on Moscow."

cnn.com/2022/03/08/inv…

Shares in Jinzhou Port, China's most northern seaport with direct shipping routes to Russia, has shot up 94% on the Shanghai Stock Exchange since Feb. 24, the beginning of Moscow's military operation in Ukraine.

Xinjiang Tianshun Supply Chain — a logistics company for bulky goods in far northwestern Xinjiang, which directly shares a 60-mile border with Russia — has also jumped 95% on the Shenzhen Stock Exchange over the past seven sessions.

Even toll road operators and rail freight service firms have surged since the war began. Heilongjiang Transport Development, a main operator of highway tolls in northeastern Heilongjiang — which shares a 1,850-mile border with Russia, has climbed 23%.

Important to note, this is mostly smaller investors. Bigger players on the market are behaving more cautiously so far, will likely try to fully assess the limitations imposed by Western sanctions before making a decision about their investments.