China ETFs Gain After Unexpected Central Bank Rate Cut
20/5 22:43
China country-specific exchange traded funds strengthened after the People’s Bank of China executed an unexpectedly deep cut to its benchmark reference rate for mortgages in a bid to revive the ailing housing sector and support the stumbling economy. On Friday, the iShares MSCI China ETF (NASDAQ: MCHI) rose 0.3% and the Xtrackers CSI 300 China A-Shares [...] Read more at ETFtrends.com....