Strong Performance for Chinese ETFs Amidst A-Share Market Holiday

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Oct 05, 2024

During the "Golden Week" when the Chinese A-share market was closed, overseas Chinese stocks and funds experienced notable gains. The Nasdaq Golden Dragon China Index rose 3.1%, reaching its highest level since February 2, 2023, with a weekly gain of 11.9%.

The iShares China Large-Cap ETF saw a 3.5% increase, closing at its highest since February 22, 2022, with an 11% rise over the week.

Similarly, the iShares MSCI China ETF climbed 3.7%, achieving its highest closing price since March 2, 2022, and marked a weekly increase of 11.8%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.