ETFs that buy Chinese stocks mired with losses after ‘measly’ rate cut in disappointing stimulus

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Chinese stocks are beaten down amid investor worries over China’s economy.

Exchange-traded funds focused on equities in China have seen double-digit percentage drops over the past six months, including the iShares MSCI China ETF MCHI, KraneShares CSI China Internet ETF KWEB, Invesco China Technology ETF CQQQ, Xtrackers Harvest CSI 300 China A-Shares ETF ASHR and Rayliant Quantamental China Equity ETF RAYC, according to FactSet data.

The People’s Bank of China announced on Monday that it lowered its one-year loan prime rate by 10 basis points to 3.45%, disappointing investors with the scope of its stimulus, according to a note from Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management. The iShares MSCI China ETF, Invesco China Technology ETF, Xtrackers Harvest CSI 300 China A-Shares ETF and Rayliant Quantamental China Equity ETF were trading down Monday afternoon, with losses ranging from 0.1% to 0.6%.

China-focused ETFs have tanked in August, with the KraneShares CSI China Internet ETF dropping around 15.6% so far this month.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Asian Stock Market: Trades mixed following PBoC rate cut, Chinese stimulus support eyedThe week began on a tepid note for Asian stock markets as China slashed its Loan Prime Rate (LPR) for one year by a smaller margin than anticipated w
출처: FXStreetNews - 🏆 14. / 72 더 많은 것을 읽으십시오 »

Will Europe Restrict Chinese Investment Into The EU?The Chinese economy is in trouble. A credit crisis - led by the real estate sector looks likely and now the US government has slapped restrictions on the types of Chinese companies and sectors that US investors may invest in. Now its Europe’s turn to potentially do the same.
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »