–SCY and SHD rallied in the past week due to the China government’s larger-than-anticipated policy package to stimulate the economy and equity markets that was announced during its September Politburo meeting.
–LCUgained due to consumer discretionary and communication services by sectors and Mainland China and Hong Kong by geographies. By individual firms, gains were due to Meituan, Tencent and Alibaba Group. These firms gained alongside the China equity market rally.