Mainland Chinese investors reduced their holdings of US Treasury bills in March, mirroring a global trend driven by uncertainty over the US-Israel conflict in Iran. Analysts cite concerns over inflation and fiscal pressures.

Mainland Chinese investors shed its holdings of US Treasury bills in March, echoing the move of many overseas institutions and central banks amid uncertainties over the US-Israel war on Iran. Such reductions in Treasury holdings reflected mounting doubts in global markets, analysts said, as the escalating war in Iran fuelled concerns over inflation, energy prices and fiscal pressures, driving Treasury yields higher and overshadowing the likelihood of interest rate cuts from the US Federal...