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China's corporate profits surged in Q2, but weak markets and economic challenges keep these four China ETFs in focus.
China's exports and imports gathered momentum in August, as the world's second-largest economy faces mounting pressure to rebalance trade.
The United States and China are set to make some announcements on agriculture and non-tariff barriers during a visit by Chinese President Xi Jinping to Washington this month, U.S. Trade Representative Jamieson Greer said on Thursday.
Sam Vadas focuses on moves outside of U.S. equities by explaining what's driving the selling action in Chinese stocks on Tuesday. Marley Kayden turns to the macro front by looking at the pressure on existing home sales.
The iShares MSCI China ETF (MCHI) trades at a significant discount to historical averages compared to US indices that trade at a considerable premium, despite lots of tech in both. MCHI's financial sector even benefits from a steepening Chinese yield curve, supporting banks and insurance holdings relative to US peers. The US doesn't have this benefit. But the point is for the bull case is that China has some of the same AI-trade possibilities as the US but has lagged, with other positives too.
Empowered Funds LLC purchased a new position in iShares MSCI China ETF (NASDAQ: MCHI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,162 shares of the company's stock, valued at approximately $1,470,000. Several other hedge funds and other institutional investors
China's exports rose more than expected in July, as global demand for high-tech components continues to absorb the country's manufactured goods.
Acima Private Wealth LLC reduced its holdings in iShares MSCI China ETF (NASDAQ: MCHI) by 55.8% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,946 shares of the company's stock after selling 13,802 shares during the period.