Chinese Insurer Ping An’s Offshore Unit Reconsiders US Exposure

The overseas investment arm of China’s Ping An Insurance (Group) Company is reconsidering its exposure to the US as the Iran war fuels waves of volatility.

The conflict in the Middle East has upended global markets over the past few weeks, dragging down global equities, pushing US yields to their highest level in months and sparking wild moves in the price of oil. It has also encouraged one of China’s biggest insurers to rethink how it approaches the world’s largest economy.