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Outflows from ETFs tracking Chinese equities continue despite Beijing's measures to boost sentiment. Emerging Market ETFs, as a whole, also seeing a third consecutive week of outflows.
Foreign direct investment (FDI) in China has plummeted to some of the lowest levels seen in the 21st century. China's currency, the yuan, has been depreciating, and confidence in the Chinese economy is declining.
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.
Chinese A-shares extended their underperformance in Q2. With the reopening impulse fading, investor sentiment is now being propped up by stimulus hopes. Equities seem cheaply priced here but could still de-rate, given the mounting near and long-term challenges.
Investors are paying close attention to China, Japan, and India ETFs lately, according to VettaFi's Explorer data and analytics tool. Interest in non-U.S. economies is high as investors look for more ways to diversify their portfolios.
Exchange-traded funds that target Chinese stocks were falling Monday, after China reported disappointing growth for the second quarter, bringing the ETFs deeper into the red so far this year.
China's central bank tries new stimulus efforts to boost slowing growth. Why unemployment is proving to be key to China's economic troubles.
China recently lowered its short-term borrowing rates, take a look into how China ETFs are affected.
What does the impact of strained relations between China and the West mean for global trade? Why China's recovery is starting to falter.
Chinese policymakers maintained a 'pro-growth' stance at last week's Politburo meeting, building on the Q1 GDP momentum. Having cooled in the last few months, Chinese equities could still benefit from the second leg of the post-reopening recovery.