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iShares Asia 50 ETF has been affected by a recent China flash crash and general major declines in Chinese indices.
China's internal issues, such as the collapsing property market and demographic concerns, further contribute to the underlying risks of Chinese stocks.
Technical effects, such as forced selling brought on by general declines, could cause measures by regulators that lose allocator trust. Especially the risk of market exit limits.
There's not much of a margin of safety here considering the concerns.