China-focused ETFs gain momentum as trade talks and a weaker USD shift investor sentiment. KWEB ETF up 30% YTD. KraneShares sees potential for growth in China's new economy industries and offers thematic funds like KWEB, KARS, and more. Other options include FXI, GXC, and CHIQ. China's policies fuel the trend.
According to data from China’s National Bureau of Statistics, the purchasing manufacturing index (PMI) slipped to 49.3 in July, compared with 49.7 in June.
In July, China's four largest onshore gold-backed ETFs experienced a combined net outflow of approximately 3.2 billion yuan ($450 million), according to a Bloomberg News report.
The large-scale audit reviewed over 75,000 vehicles and highlighted growing regulatory pressure on China’s auto sector, especially as Beijing targets fraud linked to its defunct EV subsidy program.
On Tues, U.S. markets closed mixed w/ S&P 500 & Nasdaq down due to large-cap tech stocks, while Dow gained. Volatility high, data supported Fed's stance. Asia markets vary, Europe up, commodities steady, U.S. futures and dollar index rise.
U.S. markets up on trade deals and rate cut hopes, but concerns persist. Mixed economic data, Central bank expectations, and geopolitical risks affect performance. Asia and Europe markets mostly lower, commodities mixed, USD weak on trade uncertainty.
