Chinese stocks and ETFs surged in the USA, while short-selling funds suffered heavy losses.
US-traded Chinese concept stocks and ETFs rose on Friday, with a major short-selling fund experiencing its largest decline since October 7. The Nasdaq Golden Dragon China Index rose 3% on Friday, marking the largest gain in two weeks; yet still fell 7.7% for the week. The iShares Core MSCI China Index ETF rose 4.3% on Friday; down 3.6% for the week. The Yinhua MSCI China A ETF rose 4.4% on Friday; down 4.1% for the week. The KraneShares CSI China Internet Plus-Related ETF rose 4.5% on Friday. The Deutsche X-trackers Harvest CSI 300 China A Share Fund rose 5.3% on Friday.
US stocks closed | S&P, Dow hit new closing highs, Netflix soared more than 11% after earnings; Chinese concept stocks rose across the board, li auto inc rose more than 6%
1. China concept stocks are up across the board, with the Nasdaq Golden Dragon Index in China rising by 3.03%; 2. The US federal government has started investigating Tesla's FSD; 3. The US Federal Aviation Administration said it will launch a new round of safety reviews on Boeing; 4. Netflix hits a new all-time high, with the company's third-quarter performance and fourth-quarter performance guidance both exceeding market expectations.
Riding the Waves: Seeking Investment Opportunities in the Volatile Chinese Asset Market | Moomoo Research
Express News | U.S.-listed shares of Chinese firms and China-related ETFs rise, BABA shares up 3% and PDD shares up 5%.
China's 3Q Growth Print Calls for More Stimulus
Express News | U.S.-listed shares of Chinese firms surge in overnight trading, with YINN up 7%, CWEB up 4%
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