China ETFs Climb as Central Bank Backs Stronger Yuan Currency
This article was originally published on ETFTrends.com.
Chinese stocks rallied Monday, with technology-related ETFs taking the lead, after the People’s Bank of China signaled it would take a more proactive approach to combating a stronger U.S. dollar and uncertainty surrounding the trade war between Washington D.C. and Beijing. On Monday, the technology-heavy PowerShares Golden Dragon China Portfolio (NasdaqGM: PGJ) and KraneShares CSI [...]