|Bid||38.58 x 1300|
|Ask||38.78 x 900|
|Day's Range||38.64 - 39.60|
|52 Week Range||30.57 - 51.05|
|PE Ratio (TTM)||34.33|
|Beta (3Y Monthly)||1.46|
|Expense Ratio (net)||0.70%|
China stocks are poised to go up further, especially in the wake of Trump's announcement. Investors should definitely tap the opportune moment with the following five ETFs.
China-related exchange traded funds climb after Beijing announced a new round of economic stimulus measures ahead of trade talks with Washington D.C. Among China-related ETFs, technology-heavy strategies were leading the charge Friday, with the Invesco Golden Dragon China ETF (PGJ) up 6.4%, KraneShares CSI China Internet Fund (KWEB) 6.2% higher and Invesco China Technology ETF (CQQQ) up 5.4%. Chinese premier Li Keqiang urged banks to increase lending to the private sector while the People’s Bank of China cut a key reserve ratio to encourage lending from commercial banks, the Financial Times reports.
Chinese stocks rallied Monday, with technology-related ETFs taking the lead, after the People's Bank of China signaled it would take a more proactive approach to combating a stronger U.S. dollar and uncertainty surrounding the trade war between Washington D.C. and Beijing. Additionally, the broader iShares China Large-Cap ETF (FXI) added 1.9% and Xtrackers CSI 300 China A-Shares ETF (NYSEArca: ASHR ) , which tracks mainland Chinese A-shares, increased 2.2%, with both testing their short-term resistance at the 50-day simple moving average. The China-related ETFs strengthened on a more optimistic outlook on the yuan currency.
China country-specific exchange traded funds, led by technology focused strategies, were among the best performers Monday ahead of trade talks between the U.S. and China. On Monday, the technology-heavy PowerShares Golden Dragon China Portfolio (PGJ) rose 2.7% and KraneShares CSI China Internet Fund (KWEB) gained 2.2%. Traders were largely optimistic as a delegation led by China’s vice commerce minister, Wang Shouwen, is expected to conduct two days of trade talks in Washington beginning Wednesday, marking the first formal negotiations since Washington imposed tariffs on $50bn of Chinese imports, the Financial Times reports.