-- Some exchange traded funds favored by China’s sovereign wealth fund have seen spikes in inflows after the country’s stocks tumbled below a key psychological level.Biden’s Fourth of July Shrouded by Pressure to Drop 2024 BidDaily inflows into four ETFs that Central Huijin Investment Ltd. purchased during a market slump have more than doubled from this year’s average in the past two weeks, according to Bloomberg calculations.
The trading volume of the Huatai-Pinebridge ETF jumped to about 190% of three-month average on Friday, as the benchmark index pared a decline of as much as 1.3% to close just 0.4% lower.If the Optimus robot somehow catapults Tesla to Musk’s $30 trillion market cap target, bears like the Microsoft cofounder could be wiped out—but that is a big if.
Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.