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China ETFs tumble after PBOC’s rate cut disappoints markets

Por: MarketWatch Business June 20, 2023

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The Invesco Golden Dragon China ETF , which tracks the American depositary shares of companies based in China, tumbled by 5%, while the KraneShares CSI China Internet ETF , which offers exposure to Chinese software and information technology stocks, was off 5.5%, according to FactSet data.  The People’s Bank of China (PBOC) Tuesday for the first time in 10 months in a bid to support the country’s struggling economic recovery. The one-year... + full article



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