Sep 27, 07:19 PM

China Large-Cap ETF (FXI) Sees Best Week Ever with 19% Surge, Potential to Reach $40

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.

#BTIG #Chinese #China #Barron

Written with ChatGPT (GPT-4o).