|Bid||49.29 x 3000|
|Ask||49.31 x 1000|
|Day's Range||48.47 - 49.33|
|52 Week Range||38.01 - 54.77|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||0.70%|
|Beta (5Y Monthly)||1.85|
|Expense Ratio (net)||0.76%|
Wedbush Chief Technology Strategist Brad Gastwirth said in a note to clients Tuesday that Chinese content plays iQiyi Inc. and Joyy Inc. could see positive benefits from the coronavirus spread as people stay home due to concerns about the outbreak. "Given the lack of travel we see iQiyi (online video/entertainment) along with the popularity of yy.com benefiting from this outbreak," he wrote, though Wedbush doesn't formally cover the two stocks. Chinese internet stocks are generally rallying in premarket trading Tuesday after suffering Monday declines. The KraneShares CSI China Internet ETF has dropped in each of the past five trading sessions. Shares of iQiyi are up 2.1% in premarket trading while shares of Joyy are up 2.9%.
Shares of Chinese tech companies are off in Tuesday's session amid anxiety about a new coronoavirus that has claimed at least six lives in China so far. Ahead of what's expected to be a busy travel season around Lunar New Year, there's concern that the virus could spread even farther globally, especially after a medical expert said it could be transmitted between humans. Asia markets fell Tuesday, and U.S.-listed tech companies are also under pressure. Shares of iQiyi Inc. , Baidu Inc. , Alibaba Group Holding Ltd. , and JD.com Inc. are all off in morning trading. The KraneShares CSI China Internet ETF is down nearly 4% in the session, while the S&P 500 is down 0.2%.
Policy easing, subsiding trade tensions, technological disruption and solid household savings should boost these China ETFs in 2020, even after a solid 2019.
China's markets and country-specific ETFs led the charge on Thursday after Chinese officials announced monetary easing to start off the New Year. Among the best performing non-leveraged ETFs of Thursday, the KraneShares CSI China Internet Fund (KWEB) increased 6.0%, Invesco Golden Dragon China ETF (PGJ) jumped 5.6% and Invesco China Technology ETF (CQQQ) advanced 5.2%. Meanwhile, the iShares MSCI China ETF (MCHI) , the largest China-related ETF by assets, rose 3.1%.
Despite agreeing to a “phase one” trade deal, the U.S. and China will still be locking horns when it comes to utilizing the latest/greatest technology. “As we approach 2020, the heated technology conflict between the U.S. and China shows no signs of a thaw,” wrote Zak Doffman in Forbes. China will go to great lengths in order to obtain tech dominance, as evidenced by “Huawei’s role in international 5G networks and on China using its influence to curb political criticism of its domestic policies”—Doffman noted in the Forbes report.
As the U.S. and China move toward reconciliation, Chinese technology stocks and sector-related exchange traded funds could be among the top winners in in a phase one trade deal. Morgan Stanley has highlighted 29 Chinese stocks that are most likely to benefit from the completion of a phase one deal between the U.S. and China, and almost half of them include information technology names, which have been weighed down by increased trade barriers, followed by consumer sector, CNBC reports. “These two sectors saw the biggest scale of valuation re-rating based on their previous reaction to de-escalation events,” Morgan Stanley said in a note.
The technology race between the U.S. and China can be linked directly to the amount of business investment that each nation receives. “When it comes to assessing the relative strengths of China and the U.S. in the tech field, most analysts look for the amount of venture investment that the sector attracts,” wrote Samuel Bocetta in a Daily Caller article. “Rising investment in China has been spurred by the Chinese government’s ambition to make the country a tech superpower,” the article added.
Chinese e-commerce powerhouse Alibaba set a sales record on “Singles Day,” which is a massive 24-hour shopping event. It’s a play worth noting as the second largest economy looks to wean itself from dependence on the U.S. The topic of technology has been a hot button topic during the U.S.-China trade war. The “Singles Day” event last year took in more sales than any single U.S. event, including Black Friday and Cyber Monday.
Investors seeking to tap Singles' Day benefits in a diversified way should focus on the following four ETFs that provide substantial exposure to the Chinese e-commerce segment.
Chinese technology-related ETFs led the charge on Thursday after Internet giant Baidu (NasdaqGS: BIDU) revealed better-than-expected third quarter results and the U.S. and China were moving toward reconciliation. ...
KraneShares, the exchange traded funds issuer behind a line of popular China ETFs, including the KraneShares CSI China Internet ETF (NYSE: KWEB ), is joining forces with Dorsey Wright, the proprietor of ...
The Chinese technology sector has fallen victim to the protracted U.S.-China trade war, but as progress is made, this downtrodden tech segment along with related exchange traded funds could be an opportunity for investors. Invesco’s chief global market strategist Kristina Hooper argued that now is the time to buy Chinese technology stocks, adding that China has the most to gain from trade negotiations and may even emerge from the war as a winner, CNBC reports. “This could be a scenario where China is actually able to stimulate its economy enough to ride out this war,” Hooper told CNBC.
NEW YORK , Oct. 23, 2019 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares"), a leading provider of China -focused ETFs, has partnered with acclaimed technical analysis and research provider, ...
The who’s who of technology were nowhere to be found at one of the biggest stages when it comes to China internet tech as Google, Facebook and Apple were no-shows amid the U.S.-China trade war, which features key issues like tech. “Many big technology names from the United States stayed away but some smaller American firms showed up for China’s main internet conference at the weekend, as the trade war between Beijing and Washington continues to expand into a technology conflict,” an article in the South China Morning Post said. Trade wars have been a major market mover for Chinese equities and if investors can look past the news headlines to zero in on value, China-focused ETFs like the Direxion Daily CSI China Internet Index Bull 2X Shares (NYSEArca: CWEB) could be a double-down play as the shift from U.S. equities becomes more apparent heading deeper into the late market cycle.
While the Securities and Exchange Commission (SEC) is still keeping a cryptocurrency-based exchange-traded fund (ETF) from debuting on a major U.S. exchange, over 7,000 miles away, China is looking to launch its own global cryptocurrency.
While the Securities and Exchange Commission (SEC) is still keeping a cryptocurrency-based exchange-traded fund (ETF) from debuting on a major U.S. exchange, over 7,000 miles away, China is looking to launch its own global cryptocurrency. According to a CNBC report, the second largest economy “announced earlier this year that it was working on a digital currency backed by the yuan, reportedly inspired by Facebook’s announcement. “China has been incredibly strategic about how they think about cryptocurrency,” said Brad Garlinghouse, CEO of Ripple.
According to the latest International Monetary Fund (IMF) projections, China’s GDP output will fall 2% percent in the near term due to the latest trade war with the United States and 1 percent in the long term. “To rejuvenate growth policymakers must undo the trade barriers put in place with durable agreements, rein in geopolitical tensions and reduce domestic policy uncertainty,” said IMF Chief Economist Gita Gopinath. “Further escalation of trade tensions and associated increases in policy uncertainty could weaken growth relative to the baseline projection.” New IMF Chief Says Global Economy Is in a Synchronized Slowdown China Tech to the Rescue?
With a U.S.-China trade war still weighing in the balance for the capital markets, investors can forge on irrespective of trade negotiation results with China technology-focused exchange-traded funds (ETFs). Created in 2009 by the Shenzhen Stock Exchange, the ChiNext Board has been referred to as “China’s Nasdaq” for the innovative and growth-oriented Chinese firms it has attracted over the last decade. FTSE Russell compared performance for this Index, which was launched in 2017 as a way for global investors to track the performance of fast-growing ChiNext stocks listed on the Shenzhen Stock Exchange, relative to the FTSE China A Index and the FTSE China Index.
NEW YORK, Aug. 22, 2019 /PRNewswire/ -- Krane Funds Advisors, LLC, ("KraneShares"), a global asset management firm known for its China-focused exchange-traded funds (ETFs) and innovative China investment strategies, announced the launch of the Krane Platform, a central hub for Krane's growing service offering. Daily posts cover top news and events that moved China's capital markets the night before. This daily recap provides color on China's equity, fixed income, and currency markets performance.
China country-specific ETFs strengthened Monday as Beijing revealed measures to bolster its economy and after President Donald Trump said the two countries were talking again. China tech-heavy ETFs were ...