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Chinese Internet Languishes, but Other Sectors Thrive

August 13, 2021
Source: etftrends.com etftrends.com
News Snapshot:
While a regulatory crackdown has pommeled Chinese internet stocks, China country-specific exchange traded funds that track areas outside of these online names have come through with flying colors. Over the past three months, the KraneShares Electric Vehicles and Future Mobility ETF (NYSE: KARS) has increased 22.2%, the KraneShares MSCI China Clean Technology Index ETF (KGRN) has advanced 25.6%, the KraneShares CICC China 5G & Semiconductor Index ETF (KFVG) rose 19.5%, and the broader KraneShares Bosera MSCI China A Share ETF (KBA) gained 4.1%. On the other hand, the KraneShares CSI China Internet ETF (KWEB) has declined 25.8%. Chinese companies that...
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Tags: 5G | ASIA | Beijing | capital | China | Chinese | CICC | crackdown | electric vehicle | energy | ETF | finance | financial | Future Mobility | Giant | human resources | import | index | Internet | Japan | manufacturing | semiconductor | stock market | stocks | technology

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