KraneShares CSI China Internet ETF (KWEB)
Pre-market:
- Yahoo Finance
Investing themes to watch in 2024: Magnificent 7, small caps, quick shifts, and more
Top strategists and money managers share investment ideas and themes to consider for 2024.
- Yahoo Finance Video
Chinese stocks reeling from Biden-Xi meeting, China outlook
The APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco continues after its headline event: President Biden's meeting with Chinese President Xi Jinping on Wednesday. Chinese stocks are seemingly still reeling from the talks between the world leaders and forecasts on business investments into China, as Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) shares see losses in today's pre-market trading. Yahoo Finance Markets Reporter Jared Blikre takes a closer look at Chinese and China-exposed stocks in relation to China's expected GDP decline. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Chinese stocks see 'largest outflow months ever' amid slowdown: Strategist
Amid China’s economic slowdown, there was a record $12 billion of outflows from foreign investors in Chinese stocks. KraneShares CIO Brendan Ahern joins Yahoo Finance Live to discuss investor sentiment regarding China. "The general trend of foreign ownership is still quite high," Ahern says. "If anything else, it shows that maybe foreign investors are very poor market timers because this outflow is occurring just as Chinese equities are enjoying one of their strongest weeks in quite some time.” Ahern lists China's zero-COVID policies, its real estate meltdown, crackdowns on tech companies, and the nation's own diplomatic relationship with the U.S. as causes that "led the asset class almost to be eviscerated."
