The rally in Chinese ETFs continues unabated.
◽️US exchange-traded funds (ETFs) tracking Chinese stocks continued their rally today despite China being on holiday.
◼️KraneShares CSI China Internet ETF (KWEB), iShares China Large-Cap ETF (FXI), iShares MSCI China ETF (MCHI) and Invesco Golden Dragon China ETF (PGJ) all rose at least 5% in morning trading.
◽️These funds invest in China-based companies listed on the Hong Kong Stock Exchange or on US exchanges. The rally accelerated after Beijing's economic stimulus.
✒️Ekotürk