Chinese ETFs Fizzle During Pre-Market Despite US Investors Pouring $5.2B Last Week: Here's What Happened
Portfolio Pulse from Pooja Rajkumari
Chinese ETFs experienced a decline during pre-market trading despite a $5.2 billion inflow from US investors last week. The anticipated economic stimulus announcement from China failed to meet expectations, leading to a sell-off in major tech stocks.
October 08, 2024 | 12:27 pm
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NEGATIVE IMPACT
Franklin FTSE China ETF (FLCH) saw a 9.26% decline in pre-market trading following China's underwhelming stimulus announcement.
FLCH's decline is due to the market's negative reaction to China's stimulus announcement, which did not meet investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Blackrock’s iShares China Large-Cap ETF (FXI) saw significant inflows but dropped 8.37% in pre-market trading due to unmet expectations from China's stimulus announcement.
FXI experienced a significant drop in pre-market trading as the Chinese government's stimulus announcement did not meet investor expectations, leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
KraneShares CSI China Internet ETF (KWEB) fell by 10.14% in pre-market trading after China's stimulus plans failed to impress investors.
KWEB's decline is attributed to the lack of detailed stimulus measures from China, which led to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
iShares MSCI China ETF (MCHI) dropped 10.59% in pre-market trading due to disappointment over China's economic stimulus announcement.
MCHI's significant pre-market drop is linked to the underwhelming stimulus announcement from China, affecting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90