Fri, May 15, 3:18 AM
- The Shanghai Composite falls 1.8% as the rally driven by an interest-rate cut on Sunday cools and amid expectations of more IPOs.
- "Investors seem to be selling some of their holdings to have cash for a new round of IPOs,” says broker Gerry Alfonso.
- Elsewhere, the Hang Seng is +1.7%, the Nikkei +0.8% and India's Sensex +0.5% following another record Nasdaq close over night and as foreign bond markets appear to be stabilizing. Still, a possible increase in U.S. interest rates continues to hang over markets.
- ETFs: FXI, FAX, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, CYB, HAO, YANG, CNY, TAO, CHN, CHIX, PEK, CHIQ, CQQQ, MCHI, DSUM, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, FXCH, CHXF, ALD, FCA, CNXT, CHNA, CHII, ECNS, CHIE, EWHS, CHIM, KBA, KFYP, FCHI, JFC, CBON, FHK, AFTY, CHNB
CHN vs. ETF Alternatives
To achieve long-term capital appreciation primarily through investment in equity securities of Chinese companies. Under normal conditions, not less than 65% of the Funds total assets will be invested in equity securities of China companies. To the extent t
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