You never want to let one session or a short series of recent red ink persuade you to overhaul your long-term strategies, especially regarding a sector as high powered and relevant as China stocks. The world’s second-biggest economy didn’t take that status on a fortuitous whim. Therefore, you don’t want to react to the daily…

How bad has it gotten for Chinese stocks?  Well, ARK Invest portfolio manager Cathie Wood recently lowered her biggest exchange-traded fund’s (ETF) holdings in Chinese stocks to 0.2% of the portfolio (as of Aug. 9), down from approximately 8% in February. ARK Innovation ETF (NYSE:ARKK) currently has $25.5 billion in assets. That’s a considerable retreat. And while…