Fund managers investing in China are expecting no quick resolution of the country’s trade war with the US, and bracing for a bumpy ride in stocks — but most hold steady to the view that the country’s long-term prospects are good.

China’s benchmark CSI 300 index lost 2.7% on Tuesday, dropping to 3,183.4 as of market close at 08.00 BST. That in turn pulled European indexes down on October 23, with the FTSE 100 off by 1.1% at 6,969.32 by market close at 16:30 BST.