Shares of exchange-traded funds focused on Chinese stocks were jumping Tuesday afternoon amid investor optimism that China is moving toward easing its...
Shares of exchange-traded funds focused on Chinese stocks were jumping Tuesday afternoon amid investor optimism that China may be moving toward easing its COVID-19 restrictions.
China’s... Shares of exchange-traded funds focused on Chinese stocks were jumping Tuesday afternoon amid investor optimism that China may be moving toward easing its COVID-19 restrictions. China’s National Health Commission said that it would step up efforts to vaccinate the elderly, in a move toward easing its COVID restrictions, Al Jazeera reported Tuesday. The country has seen recent protests over lockdowns, while investors have worried that China’s strict COVID rules will weigh on economic growth.
The iShares MSCI China ETF has tumbled more than 28% in 2022, while the Invesco China Technology ETF has plunged around 37%, according to FactSet data based on Tuesday afternoon trading.
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