
The China Large-Cap ETF (FXI) has experienced its best week ever, with a remarkable 19% increase. This surge, driven by massive trading volume, marks the best performance for the ETF since 2010. Analysts, including those from BTIG and TFMkts, suggest that the rally in Chinese stocks may continue, with potential for further gains up to $40. The ETF's performance is notable as it outpaces the S&P 500 in 2024. Historical data indicates that after periods of three consecutive down years, Chinese stocks have previously embarked on five-year winning streaks. A summary of China's stimulus measures was also highlighted by analysts, and Barron's reports that China's stock market rally may just be getting started.
$FXI Best week since 2010. Tepper said EVERYTHING so why say more ๐คฃ https://t.co/Y5UlUQwIoi
China $FXI is crushing the S&P 500 in 2024 https://t.co/4y3xlPkmej
$FXI Chinese stocks have suffered through three consecutive down years only twice since 1965โthe three years ended in 1967 and 2002, according to BTIG technical analyst Jonathan Krinsky. In both cases, the index subsequently went on five-year winning streaks, with gains rangingโฆ






