Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well.
The iShares China Large Cap ETF (FXI) has been trading even higher than that so far on Tuesday.
The ETF was trading considerably higher in pre-market trading hours and opened a whopping 6% higher from the prior day's close.
And that's exactly why we need to look beyond the last few months to a get true sense of its trend.
And at that point, the ETF would be hitting its highest level since early 2022.
Persons:
it's, FXI, that's
Organizations:
Shanghai Stock, RSI, CNBC, NBC UNIVERSAL
Locations:
China