The interest rate cuts and further economic stimulus announced last week by Chinese authorities continue to boost the stocks representing interests in that nation.
The interest rate cuts, and further economic stimulus, announced last week by Chinese authorities continue to boost the stocks representing interests in that nation. It’s actually been more of a rally than that seen in U. S. stocks after the Fed’s rate cut declared earlier this month.
These New York Stock Exchange listed securities with corporate headquarters in the big Asian county have seen extraordinary moves upward in price. It’s not just those casino stocks with the Macau resorts. The entire China-based sector is coming back to life.NYSE China-based stocks blast higher.
The daily price chart for the iShares China Large-Cap ETF:
This fund contains the largest of the 50 large cap stocks. The idea is that investors receive a certain amount of diversification otherwise unavailable in the purchase of just single security.
