에 대한 최신 뉴스 iShares MSCI China ETF (NASDAQ:MCHI)

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The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization-weighted index designed to measure the performance of equity securities in the top 85% in market capitalization of the Chinese equity securities markets, as represented by the H-shares and B-shares markets. The fund is non-diversified.

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iShares MSCI China ETF

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중국의 기술 부문이 강력한 반등을 보이면서 투자자들은 ETF를 통해 이 분야에 투자하려는 경향이 높아지고 있다. 인터넷 대기업, 광범위한 기술 기업 또는 주요 중국 기업들을 혼합한 ETF는 중국의 혁신 붐을 경험할 수 있는 다각화된 방법을 제공한다.

딥시크가 주도하는 AI 붐이 강세장을 촉진함에 따라 중국 기술 ETF가 급등

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며칠 전, 시장은 2024년에 중국 주식이 3년간의 하락세를 뒤로하고 반등한 것에 고무되었다. 그러나 중국 주식과 이에 노출된 ETF들에는 불확실성의 그림자가 드리워져 있다.

미국이 텐센트와 CATL을 블랙리스트에 올리면서 중국 중심의 ETF들은 불확실성에 직면

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중국이 거대한 경제 카드로서의 역할을 하고 있을지도 모른다. 이번 주 로이터가 인용한 소식통에 따르면, 중국 정책 입안자들은 미국이 중국 수입품에 60% 관세를 부과할 경우 경제적 충격을 상쇄하기 위해 2025년에 위안화를 대폭 약세로 조정하는 방안을 고려 중이다.

트럼프의 관세에 대항하기 위해 중국이 위안화 절하를 고려 중: 효과가 있을까?

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As China's tech sector stages a strong comeback, investors are increasingly looking at <a href="https://www.benzinga.com/etfs">ETFs as a way to gain exposure</a> to this space. 
Whether it's internet giants, broad technology firms, or a mix of leading Chinese companies, ETFs offer a diversified way to take a bite of surrounding China's innovation boom.
Here are three ETFs that provide investors with access to China's rebounding tech sector.
Also Read: <a href="https://www.benzinga.com/news/global/25/01/43315374/ai-etfs-in-focus-as-alibaba-challenges-deepseek-with-new-model">AI ETFs In Focus As Alibaba Challenges DeepSeek With New Model</a>
<ul>
<li>Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>): This ETF provides concentrated exposure to China's tech giants. It also mirrors the FTSE China Incl A 25% Technology Capped Index, which includes major players like Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), and Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), companies at the forefront of AI, e-commerce, and cloud computing. Recently, Baidu Cloud and Tencent Cloud integrated DeepSeek&#8217;s AI model into their platforms. With DeepSeek's upward rise, both companies witnessed a surge, and pulled CQQQ up along with it. The ETF has rallied 13.5% year-to-date and 45% in the past year.</li>
</ul>
<ul>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>): This ETF provides exposure to China's big internet names, mirroring the CSI Overseas China Internet Index. The fund&#8217;s holdings include major players like Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent, and Baidu. Alibaba's latest AI model has <a href="https://www.benzinga.com/25/01/43311376/alibaba-unveils-qwen25-max-claims-it-beats-deepseek-and-openai-in-ai-performance-race">reportedly outperformed</a> Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Llama and DeepSeek's V3 in various tests. This led the company's stock to surge, lifting KWEB along with it. As Wall Street brokers turn more optimistic on China's valuation discount disappearing, KWEB stands to benefit from increased foreign inflows. The ETF has grown 12.6% year-to-date and 32.5% in the past year.</li>
</ul>
<ul>
<li>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>): This ETF provides a broader exposure while maintaining access to substantial allocation to technology stocks. China's largest and most liquid companies, including Tencent, Alibaba, Meituan and Xiaomi are among MCHI&#8217;s holdings. HSBC recently noted that the valuation gap between China and emerging markets may narrow as global funds flow into Chinese stocks. Deutsche Bank echoed the sentiment.</li>
</ul>
<h3 class="wp-block-heading">Market Overview</h3>
The Hang Seng Tech Index is currently trading at 17 times forward earnings estimates, significantly cheaper than the Nasdaq 100's 27 times valuation, according data compiled by Bloomberg. This suggests ample room for price appreciation, making MCHI an appealing option. The ETF has climbed 8.32% this year thus far, and 31.25% in the past 12 months.
After years of regulatory headwinds and economic uncertainty, China's tech sector is making a roaring comeback. A surge in AI innovation and favorable valuations have propelled the Hang Seng Tech Index into a bull market, with Wall Street analysts increasingly bullish on the space, said Bloomberg in a report. Heavyweights like Xiaomi and Alibaba are among the companies leading the rally.
Meanwhile, Bloomberg reported that analysts at Deutsche Bank argue that China's innovation-driven resurgence will force global investors to turn sharply toward the nation's stocks, despite geopolitical risks.
Favorable valuations have helped reinforce the upbeat sentiment. As Deutsche Bank's Peter Milliken put it in a research note: "We think 2025 is the year the investing world realizes China is outcompeting the rest of the world." 
Read Next: 
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Photo: Shutterstock

China Tech ETFs Surge As DeepSeek-Led AI Boom Fuels Bull Market

President Donald Trump's announced tariffs on Canada, Mexico and China could impact many sectors and see retailers and companies raising prices on consumers to offset<a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico"> the higher prices.</a>
Here's a look at the sectors and stocks that could be hurt the most by Trump's tariffs and retaliatory efforts by the three countries back on the U.S.
What Happened: Trump <a href="https://www.benzinga.com/government/regulations/25/02/43427091/as-trump-imposes-tariffs-on-americas-3-largest-trading-partners-this-macro-strategist-call">announced 25% tariffs </a>on imports from Canada and Mexico along with a 10% tariffs on items imported from China. Trump and Mexican President Claudia Sheinbaum announced Monday the U.S. tariffs on Mexico have been paused for one month. 
Canada fought back with retaliatory measures on U.S. imports.
Trump said he spoke with Canadian Prime Minister Justin Trudeau and plans to speak to the leader again at 3 p.m. ET Monday.
The tariffs were met with anger in Canada where sports fans booed the playing of &#8220;The Star-Spangled Banner,&#8221; the U.S. national anthem, at NBA and NHL sporting events over the weekend, as reported by <a href="https://deadline.com/2025/02/u-s-national-anthem-booed-nhl-nba-games-canada-tariffs-1236276207/">Deadline</a>.
NBA and NHL games involving teams from both countries typically play national anthems ahead of games.
Goods and Sectors Impacted: Here's a look at the top imports from Canada, Mexico and China that will be impacted if the tariffs stick.
Beer and Spirits: One of the companies that <a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year">could be hit hardest</a> by the tariff news is Constellation Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), an alcohol company that holds the exclusive U.S. license for several of the top imported beer brands in America. Constellation imports brands like Modelo, Corona and Pacifico from Mexico, where they are brewed by Grupo Modelo, which is a unit of Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>).
Modelo is the top imported beer in the U.S., with Corona ranking second. Heineken and Dos Equis XX, which are imported by Heineken USA, a unit of Heineken NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTC">HEINY</a>), ranked third and fourth on the list of top imported beers. Dos Equis is manufactured in Mexico and imported to the U.S.
Constellation stock is down around 40% since it was flagged as a company to see pressure from tariffs back in November.
The U.S. is also a large importer of tequila, a sector that could be hit hard by tariffs on Mexico.
Read Also: <a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable">Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will &#8216;Make Life Affordable&#8217;</a>
Automotive: Several automotive companies like Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) <a href="https://www.benzinga.com/government/regulations/24/12/42688941/are-us-vehicles-under-30000-a-thing-of-the-past-trumps-mexico-tariff-plans-could-change-auto-market">have sub-$30,000 vehicles</a> that are partially or fully built in Mexico and Canada. Tariffs on these countries could quickly make these sub-$30,000 vehicles cost more for consumers and eliminate options in the popular starting price point.
Avocados: American imports over 80% of its avocados from Mexico, which could lead to higher prices ahead of Super Bowl Sunday on Feb. 9, as <a href="https://nypost.com/2025/02/02/us-news/whats-going-to-get-hit-by-trumps-tariffs-avocados-modelo-and-iphones/">reported </a>by the New York Post. Stocks that could be impacted by higher avocado costs are Mission Produce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>), Calavo Growers, Inc. (NASDDAQ: CVGW) and Limoneira Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>).
Fruits and Vegetables: Canada is the largest supplier of cherry tomatoes for the U.S., which could see higher produce costs for consumers and restaurants.
Smartphones: China is one of the largest exporters of smartphones to the U.S., accounting for an estimated 87% of production according to the report. The iPhone from Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has 95% of production assembled in China as of 2023.
Toys: The Toy Association industry group estimates that 75% of all imported toys come from China, making the sector one area that could be significantly hit by higher tariffs. Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) and Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) are two stocks that could see pressure with the tariffs impacting one of their key sectors. &nbsp;
Clothing: Imported clothes from e-commerce companies including Shein and PDD Holdings &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) brand Temu will see higher prices with the tariff on China. Canadian clothing companies Aritzia and Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) will also be impacted by the tariff news. 
The footwear portion of the clothing sector could see the biggest impact with the Footwear Distributors &amp; Retailers of America estimating that 99% of shoes sold in the U.S. are imported. Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) could be among the companies hit hardest by the tariff news.
Construction: The American Iron and Steel Institute estimates that 25% of American steel comes from Canada and 12% comes from Mexico, which means steel prices could go up. Canadian lumber is also a large export to the U.S., which makes up around 30% of all lumber the country uses. Other construction items like drywall, lime and gypsum come from Mexico, which will put more pressure on homebuilders. The tariffs could lead to home prices going up and putting further pressure on the sector.
Oil: The U.S. is a large importer<a href="https://www.benzinga.com/news/global/24/12/42300450/trump-told-trudeau-canada-could-avoid-tariffs-by-becoming-51st-state-a-look-at-sectors-trade-war-could-impact"> of Canadian oil.</a> While oil will only see a 10% tariff compared to the 25% on other Canadian goods, the sector could likely see a large impact. Companies like Suncor Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Pipelines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>)&nbsp;could face significant impacts from the tariffs and a potential blow to the sector.
Transportation: Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could be impacted by the tariffs and negative impact on trade between the United States and Canada.
Retailers: Dollar stores and discount retailers like Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) could be<a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act"> impacted by the tariffs.</a> Executives warned of the potential impact in late 2024 with the goal of offsetting the higher prices with new product sizes and negotiating lower costs with suppliers. The company also said it would consider stopping the sale of several items due to the planned tariffs.
Price Actions on Monday at publication: The iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>) is down 1.46% to $40.62.
The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) is up 2.12% to $50.02.
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) is down 0.29% to $48.27.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43430259/miners-plead-for-collaboration-as-trade-wars-threaten-critical-mineral-supply-chains">Miners Plead For Collaboration As Trade Wars Threaten Critical Mineral Supply Chains</a></li>
</ul>
Photo: Visuals6x via Shutterstock

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Why Beer, Tequila, Avocados, Cars, iPhone Prices Could Rise: Trump's Tariffs On Canada, Mexico, China To Hurt Several Sectors

Later adapted as a film, &#8220;The Big Short,&#8221; Michael Lewis&#8216; seminal book about the hedge funds that shorted the U.S. housing market before its eventual crash in 2008, shot several Wall Street pros to stardom. Among them were Porter Collins, Steve Eisman, Vincent Daniel and Danny Moses, who shorted mortgage-backed debt at FrontPoint Partners.
While the four made a killing from a short position in 2008, the Big Short alums are now focused more on going long. The traders reunited this week at an alternative investments conference in Miami, <a href="https://www.bloomberg.com/news/articles/2025-01-30/-big-short-traders-reuniting-for-hedge-fund-week-are-going-long">according</a> to Bloomberg.
Collins, co-founder of Seawolf Capital LLC, said on the panel that he has continued his spirit of contrarianism by investing in Asian markets, where valuations are currently cheaper. Daniel holds similar sentiments, but his rationale is the expectation that the U.S. Dollar will weaken, which would benefit foreign assets.
Michael Burry, the founder of the hedge fund Scion Capital, was also featured prominently in the book and portrayed by Christian Bale in the film. Burry has also been bullish on China for several quarters — per his latest 13f filing, Scion Capital&#8217;s largest position is Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>).
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) tracks Chinese equities, which have traded cheaper than U.S. stocks for several years.
Moses is also looking at value in the market. The frequent CNBC guest likes gold, as reflected in the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).
Eisman, a University of Pennsylvania alum, touted homebuilder stocks given the shortage of new homes in the U.S. and anticipated easing of Federal Reserve monetary policy.
Also Read:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43350879/sam-bankman-frieds-parents-seek-presidential-pardon-from-trump">Sam Bankman-Fried&#8217;s Parents Seek Presidential Pardon From Donald Trump</a></li>
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Image: Shutterstock

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Markets

'The Big Short' Goes Long: Men Who Predicted Housing Bubble Prefer Asian Stocks, Gold

President-elect Donald Trump has made tariffs one of the most talked about items ahead of his inauguration on Jan. 20. So far, he has not backed down from plans to place or increase tariffs on <a href="https://www.benzinga.com/topic/tariffs">various trade partners</a>, including Canada, Mexico and China.
What Happened: On Tuesday, Trump took things a step further by naming a new agency tasked with overseeing tariffs.
"For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Though soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves," Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113827650534234057">said </a>in a post on Truth Social. "I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties and all Revenue that come from Foreign sources."
Trump intends for Jan. 20 — inauguration day — to be the birthdate for the so-called &#8220;External Revenue Service.&#8221; Normally, a new law would need to be passed first to create a new bureau or statutory body.
"We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share,&#8221; Trump added. 
It&#8217;s worth noting that the U.S. Customs and Border Protection (CBP), under the Department of Homeland Security, already oversees tariffs and revenue from foreign countries. Its key functions include collecting customs duties and tariffs. The CBP also enforces trade laws and ensures revenue accountability as one of the federal government's largest revenue collectors.
Meanwhile, Democratic lawmakers are already scrutinizing Trump&#8217;s External Revenue Service plan. "No amount of silly rebranding will hide the fact that Trump is planning a multi-trillion-dollar tax hike on American families and small businesses to pay for another round of tax handouts to the rich," Oregon Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, <a href="https://www.finance.senate.gov/chairmans-news/wyden-statement-on-trumps-so-called-external-revenue-service">said</a> in a statement.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent011425">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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Why It's Important: Trump's plans to place tariffs on three of the country's largest trade partners have led to many question marks on how the other countries will respond and if items will get more expensive for American consumers as a trade off.
<a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable">Retail executives</a> Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) have already warned about tariffs on earnings calls. Tariffs <a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">could mean higher prices</a> for consumers, less product assortment or a change to product sizes, they say.
Trump joked that Canada <a href="https://www.benzinga.com/news/global/24/12/42300450/trump-told-trudeau-canada-could-avoid-tariffs-by-becoming-51st-state-a-look-at-sectors-trade-war-could-impact">could become the</a> 51st state of America to avoid tariffs. While the country <a href="https://apnews.com/article/canada-trump-chretien-51st-state-ad9749047d0b627eed56be22f43ea7cd">isn't ready</a> to do that, a new report signals the country could be working on avoiding the tariffs.
Canadian ambassador Kirsten Hillman said Canada is prepared to buy more items from the U.S., as <a href="https://apnews.com/article/canada-ambassador-us-trump-hillman-9ced5ba12cd6526a2bbb4a810fa9af18">reported </a>by the Associated Press. The move would ensure that there is not a deficit for America in its trade with Canada.
Hillman warned that a plan to put tariffs on all Canadian products will lead to prices going up for Americans.
"And at a time when the cost of living is challenging, when food prices are high, it seems like the wrong direction to go in," Hillman said.
Top items exported from Canada to the U.S. include oil, gas and automotive parts. These industries could see higher-priced goods under Trump's tariff plan.
Large Canadian oil companies Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) could face significant impacts from the tariffs and a potential blow to the sector.
Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could also be impacted by the tariffs and the negative impact on trade between the United States and Canada.
Mexican President Claudia Sheinbaum has recently shown a serious focus on migration and security, two of Trump's vocal demands to keep the U.S. from placing tariffs on the country, as reported by Reuters.
Sheinbaum has <a href="https://www.benzinga.com/markets/cannabis/25/01/42895985/trump-and-mexican-president-sheinbaum-spirited-clash-over-territorial-renaming-tariffs-and-cartels">publicly sparred with Trump</a>, but it remains to be seen if she will be able to avoid tariffs for Mexico.
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Honda Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) are among the automotive companies that <a href="https://www.benzinga.com/government/regulations/24/12/42688941/are-us-vehicles-under-30000-a-thing-of-the-past-trumps-mexico-tariff-plans-could-change-auto-market">have sub-$30,000 vehicles </a>that are partially or fully built in Mexico and Canada.
Higher tariffs on China could rattle the American economy as the country remains a major source of many exported goods. To get ahead of potential tariff increases, China saw its exports up 10.7% in the month of December, NPR <a href="https://www.npr.org/2025/01/13/nx-s1-5258024/china-exports-us-tariffs">reported</a>.
The growth was higher than estimates of 7% and could show that companies and China are taking proactive approaches to get ahead of higher-costing goods.
ETF Price Action: The iShares MSCI Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>) is up 0.3% to $39.94 on Tuesday. The ETF is up 11% over the last year and down 4.5% over the last month.
The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) is up 1.5% to $48.15 on Tuesday. The ETF is down 25.3% over the last year and down 6.4% over the last month.
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) is up 2.3% to $44.89 on Tuesday. The ETF is up 19.2% over the last year and down 5.5% over the last month.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a></li>
</ul>
Image: Shutterstock

Specialty ETFs

COST

Trump Wants Trade Partners To 'Start Paying,' Plans External Revenue Service To Oversee Tariffs

Just a few days ago, markets were encouraged by the <a href="https://www.benzinga.com/25/01/42789867/chinese-stocks-end-2024-in-green-after-a-3-year-retreat-franklin-ftse-china-etf-ishares-msci-china-etf-and-more-i">rebound in Chinese stocks</a> in 2024, after a three-year losing streak. However, a cloud of uncertainty looms over Chinese stocks and ETFs with exposure to them.
The Biden administration's call to blacklist two more Chinese tech giants—Tencent Holdings and Contemporary Amperex Technology (CATL)—has sent shockwaves through global markets, as investors anticipate its impact on the already precarious <a href="https://www.benzinga.com/topic/china">U.S.-China economic ties</a>.
Tencent, the world's largest gaming publisher, and CATL saw their shares plunge on Jan. 6.
Also Read: <a href="https://www.benzinga.com/news/legal/25/01/42865752/tesla-supplier-catl-riot-games-owner-tencent-plan-legal-action-over-pentagon-blacklist-deny-military-ties">Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties</a>
Notable ETFs feeling the heat of being on high alert include iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), which allocates the biggest chunk of its holdings (15.40%) to Tencent. The net asset value inched down 1% on Jan. 7.
SPDR S&amp;P China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXC#NYSE">GXC</a>): Known for its diversified holdings, this fund also allocates 11.42%, its largest for a single security, to Tencent. Other major Chinese firms like Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Meituan also hold key spots in the portfolio.
Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>), which dedicates 100% of its assets to Chinese technology stocks, is particularly sensitive to geopolitical developments. Moreover, Tencent takes up 10.76% of the total assets.
Additionally, ETFs with heavy exposure to Tesla stock, like the Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>) has also come in the line of fire, as CATL is a key battery supplier to the EV maker.
The move to add Tencent and CATL to a growing roster of &#8220;Chinese military companies&#8221; was part of the U.S.'s counteractive effort to China's military and industrial ambitions. While the designation doesn&#8217;t impose immediate sanctions, it discourages U.S. firms from doing business with these entities, <a href="https://www.bloomberg.com/news/articles/2025-01-07/us-blacklist-of-china-s-tech-giants-risks-even-faster-decoupling?srnd=homepage-asia&amp;sref=TBDibEcD">notes </a>Bloomberg, a sentiment that trickles down into investor psyche as well.
The blacklist now includes 134 Chinese companies, four of which happen to be China's top 20 by market capitalization, collectively valued at nearly $1 trillion.
ETF investors are now closely watching developments as funds with direct or indirect exposure to Chinese companies may face increased volatility.
See Next: 
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/01/42883477/amplify-to-liquidate-cannabis-focused-mjus-etf-as-regulatory-uncertainty-weighs-on-sector">Amplify To Liquidate Cannabis-Focused MJUS ETF As Regulatory Uncertainty Weighs On Sector</a></li>
</ul>
Photo: Shutterstock

China-Focused ETFs Face Uncertainty As US Blacklists Tencent, CATL

In 2024, Chinese stocks finally rebounded from challenges like the pandemic, property market struggles, and weak consumer confidence, ditching a three-year losing streak despite a slight dip on the <a href="https://www.benzinga.com/topic/china">final trading day. </a>
The CSI 300, which tracks major companies in Shanghai and Shenzhen, climbed 14.7% last year, while the Shanghai Composite Index gained 12.8%.
In Hong Kong, the Hang Seng Index jumped 17.7% for the year, clocking its first annual gain in five years. Analysts at Value Partners, as reported by Reuters, attributed the rally to stronger-than-expected policy support from Chinese authorities, including interest rate cuts, property incentives, and funding programs to boost stock buying.
Banking stocks stood out as top performers in China, increasing 34.7%, with the biggest state banks soaring to multi-year highs. The chip sector&#8217;s growth is also worth mentioning, moving 53.9% northward as investors leaned into domestic semiconductor firms amid U.S. restrictions.
Interestingly, according to Reuters, strategists suggest that the market is nearing the end of &#8220;policy expectation-driven&#8221; trading, with optimism about continued dividends in 2025 despite potential disruptions from U.S. political changes. 
Also, taking into consideration what China President Xi Jinping said in his annual new year&#8217;s eve speech, China's GDP is likely to grow <a href="https://www.bloomberg.com/news/articles/2024-12-31/xi-says-china-s-2024-gdp-growth-expected-to-be-around-5?srnd=homepage-asia" target="_blank" rel="noreferrer noopener">around 5%</a> in 2024, meaning it is set to meet its official target. Jinping also mentioned continued economic support measures and more proactive macroeconomic policies for 2025.
Now that we have briefly examined what China&#8217;s future holds, let&#8217;s look at how some Chinese stock-focused ETFs are poised to perform.
See Also: <a href="https://www.benzinga.com/news/global/25/01/42772220/us-global-launches-technology-and-aerospace-defense-etf-why-its-allocation-makes-sense">US Global Launches Technology And Aerospace &amp; Defense ETF: Why Its Allocation Makes Sense</a>
Franklin FTSE China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCH#NYSE">FLCH</a>) is an underdog among China-focused ETFs, with $145.27 million in assets under management. According to Franklin Templeton, FLCH "provides access to the Chinese stock market, allowing investors to precisely gain exposure to China at a low cost," with targeted exposure to large- and mid-sized companies in China. 
The low 0.19% expense ratio is a relief for investors outside China, as investing in Chinese stocks is expensive. Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) holds the biggest piece of the holdings pie, with 14.38% allocation, followed by Alibaba Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>). The fund has generated 15.03% returns in 2024.
iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) has around $5.4 billion in AUM, a much bigger ETF than FLCH in volume, with an expense ratio of 0.59%. Despite the expense ratio being on the higher side, the fund has grown 21.11% in 2024, reflecting positive demand among investors. Coincidentally, this ETF also allocates the biggest chunk of its holdings (16.59%) to Tencent, and the second largest piece (8.13%) to Alibaba.
iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), as the name suggests, focuses on Chinese blue-chip stocks, and has an AUM of $7.1 billion. The high-end expense ratio of 0.74% did not deter investors from rushing into the fund, pushing the price up by 23.31% through 2024. The fund provides exposure to 50 of the largest Chinese stocks in a single portfolio, offering broad coverage of major companies.
Read Next: 
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</ul>
Photo: Shutterstock

Long Ideas

Emerging Market ETFs

FLCH

Chinese Stocks Rebound In 2024 After 3-Year Slump: 3 ETFs To Watch

China may be playing its <a href="https://www.benzinga.com/topic/china">biggest economic card yet. </a>
According to sources cited by Reuters this week, Chinese policymakers are considering allowing the yuan to weaken significantly in 2025 to counter the economic impact of a potential 60% tariff on Chinese imports by the United States. 
This move would mark a major shift in Beijing's currency strategy as the country grapples with mounting economic pressures.
But will it actually work? 
<h3 class="wp-block-heading">A Weaker Yuan: A Double-Edged Sword?</h3>
President-elect Donald Trump's proposed tariffs—10% on all imports and a massive 60% on Chinese goods—have prompted Beijing to consider devaluation as a buffer. A weaker yuan could theoretically make Chinese exports cheaper and offset the sting of U.S. tariffs.
Yet, Beijing is walking a tightrope. 
According to Lynn Song, an analyst at ING, the People's Bank of China is expected to &#8220;mount a strong defense&#8221; of the yuan. The central bank is acutely aware that if the renminbi falls too sharply, it could trigger even harsher retaliatory measures from Washington.
In response to the rumors, Financial News, a PBOC-affiliated publication, insisted the yuan remains on solid footing and predicted the currency could stabilize and strengthen by the end of the year.
<h3 class="wp-block-heading">China's Real Problem: A Balance Sheet Recession</h3>
Tariffs aren't China's only problem. 
The country is facing a multi-front economic battle, with a housing market that's imploding, a weak stock market, and slowing consumer activity.
"The gentle de-leveraging of the housing market that policymakers had in mind turned into a vicious balance sheet recession," said Alfonso Peccatiello, chief investing officer at Palinuro Capital and founder of The Macro Compass. 
"Trillions in wealth tied to real estate have been wiped out since 2021."
A balance sheet recession is brutal. In this scenario, consumers and businesses prioritize repairing their finances over spending or investing, rendering typical monetary policy tools like interest rate cuts or currency devaluation largely ineffective.
This type of economic slowdown recalls the eurozone debt crisis of 2011-2012, when fiscal austerity measures rendered monetary policy largely ineffective in stimulating the real economy.
<h3 class="wp-block-heading">Beijing's Response So Far</h3>
China&#8217;s policy response thus far has lacked courage, to say the least. 
Authorities have floated mentions of small-scale fiscal stimulus, though these efforts lack the size and scope to move the needle. 
The government has also set up mechanisms to deter investors from shorting Chinese stocks, aiming to stabilize markets. Additionally, the central bank has slashed interest rates aggressively to boost liquidity. 
Despite these interventions, the economy has failed to gain meaningful traction, leaving analysts and investors skeptical about Beijing's strategy.
The iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) – a key benchmark tracking Chinese equities – continues to remain nearly 50% below its record highs achieved in February 2021. 
<h3 class="wp-block-heading">Why a Weaker Yuan Won't Fix This</h3>
The idea of weakening the yuan might sound like a magic bullet, but economists aren't sold on the effectiveness of this strategy.
"In a balance sheet recession, consumers and corporates can&#8217;t be encouraged to spend more by cutting interest rates or weakening the currency," Peccatiello said. 
"They are bleeding, and they see their net worth declining due to continued weakness in the property market."
Simply put, a weaker currency won&#8217;t rebuild shattered wealth or restore confidence among Chinese households and businesses.
<h3 class="wp-block-heading">What's The Real Solution?</h3>
For Peccatiello, the solution for China may lie in implementing a large, targeted fiscal stimulus.
Rather than broad, unspecific measures, some suggest that the government could consider directing significant spending toward struggling corporations and consumers.
The question remains: Will Beijing take substantial steps toward fiscal stimulus?
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a></li>
</ul>
Photo: Shutterstock

China Eyes Yuan Devaluation To Counter Trump's Tariffs: Will It Work?

Texas Governor&nbsp;Greg Abbott (R-Texas) has directed state agencies to cease investments in China and divest existing ones. This decision, announced in a letter dated Nov. 21, highlights security and financial risks associated with Chinese investments, 
What Happened: Abbott&#8217;s directive argues that this aggression could elevate the financial risks tied to Chinese investments. The governor&#8217;s letter explicitly bans Texas investing entities from making new investments in China.
Moreover, Abbott has instructed these entities to divest from any current Chinese investments at the earliest feasible opportunity. 
&#8220;Texas will defend and safeguard itself and our public treasury from any potential threat, including those posed by the CCP,&#8221; the statement read.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42103633/chinese-court-affirms-cryptocurrency-ownership-as-legal-as-bitcoin-breaks-97k?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Judge Cites &#8216;High-Pressure Crackdown&#8217; On Speculation In Judgment Declaring Crypto Ownership Legal As Bitcoin Moves Past $97K</a>
Why It Matters: The directive from Governor Abbott comes amid escalating U.S.-China tensions. Recently, the U.S. House of Representatives advanced two Republican bills aiming to reinstate the U.S. Justice Department's "China Initiative." This initiative seeks to <a href="https://www.benzinga.com/news/24/09/40831428/house-gop-advances-bills-to-reinstate-justice-departments-china-initiative-despite-white-house-disap">curb espionage activities</a> targeting U.S. intellectual property and academic institutions. The bills were part of the House Republican's &#8220;China Week,&#8221; which saw over two dozen China-related legislative measures passed.
President-elect Donald Trump has proposed to impose 60% tariff on Chinese goods. Chinese President Xi Jinping recently <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms">expressed a willingness</a> to collaborate with the U.S. government, regardless of the administration in power. This statement was made during a meeting with President Joe Biden at the Asia-Pacific Economic Cooperation forum in Lima. 
Meanwhile, ETFs that allow investment into China have dropped during the past one month. As of Nov. 22nd, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>, the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) has dropped by 5.97% while iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) fell by 5.13%. Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) fell by 5.41% and iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) dropped by 5.54%.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/tech/24/11/42111283/elon-musks-starlink-faces-new-competition-as-chinese-satellite-firm-spacesail-enters-brazilian-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Starlink Faces New Competition As Chinese Satellite Firm Spacesail Enters Brazilian Market</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Wikimedia Commons

Government

News

General

PowerShares Golden Dragon Halter USX China Portfolio

Texas Governor Mandates State Agencies To Divest From China: 'Will Defend And Safeguard Itself...From Any Potential Threat'

Major Chinese fund companies have&nbsp;announced a reduction in fees&nbsp;for a selection&nbsp;of equity exchange-traded funds (ETFs). This move intensifies the price war in the booming $400 billion ETF market.
What Happened: The fee cuts come a day after&nbsp;Wu Qing, China&#8217;s chief securities regulator, expressed support for index investment and fee reform in the fund industry. ETFs, which&nbsp;typically track an index and&nbsp;trade on exchanges, have seen significant growth this year as investors turn away from underperforming active fund managers, Reuters&nbsp;reported on Wednesday.
China Asset Management Co&nbsp;(ChinaAMC), leading the ETF market, announced it would reduce fees on&nbsp;eight ETF products, including the&nbsp;160 billion yuan China SSE 50 ETF. The management fee will drop to 0.15% from 0.5%, and the custodian fee to 0.05% from 0.1%.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/41862692/steve-madden-announces-plans-to-move-production-to-avoid-trump-tariffs-but-theres-a-catch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Steve Madden Announces Plans To Move Production To Avoid Trump Tariffs, But There&#8217;s A Catch</a>
Other fund companies such as&nbsp;E Fund Management,&nbsp;Huatai-PineBridge Fund Management,&nbsp;Harvest Fund Management, and&nbsp;HuaAn Fund Management&nbsp;have made similar announcements. This trend is expected to attract more capital into the market, with net inflows into China&#8217;s onshore ETFs surpassing 900 billion yuan this year, according to BNP Paribas. 
Why It Matters: The fee reduction by major Chinese fund companies comes amid a backdrop of economic measures and market fluctuations. In October, investor sentiment was dampened when anticipated large-scale economic stimulus measures from Chinese authorities did not materialize. Despite <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41316058/chinese-stocks-etfs-struggle-as-multi-trillion-yuan-stimulus-hopes-fall-short-yet-m">signals of increased fiscal support,</a> the absence of a substantial economic package left traders underwhelmed.
Furthermore, China&#8217;s decision to cut interest rates in late October led to a decline in <a href="https://www.benzinga.com/news/24/10/41426987/us-listed-chinese-etfs-drop-after-beijing-cuts-interest-rates">several China-focused ETFs</a> in the U.S. This move, aimed at stimulating economic growth, instead raised concerns among investors about its broader implications.
Meanwhile, U.S.-listed Chinese ETFs have been providing American investors exposure to Chinese equities, bonds, or a combination of both, while being traded on U.S. stock exchanges. These ETFs are a convenient way for investors to gain diversified exposure to China&#8217;s economic growth without the complexities of directly investing in foreign markets. According to <a href="http://pro.benzinga.com">Benzinga Pro</a>, KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>), and iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) are some of the popular names on the list.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/42046456/xpeng-vs-nio-can-tech-trend-turn-the-tables-ahead-of-q3-earnings?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">XPeng Vs. NIO: Can Tech, Trend Turn The Tables Ahead Of Q3 Earnings?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Chinese Fund Giants Slash ETF Fees Amid Intense Market Competition

Renowned tech investor and Palantir Technologies&#8217; co-founder&nbsp;Peter Thiel&nbsp;has made a daring prediction about the potential impact of President-elect Donald Trump&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low">60% tariff on Chinese goods</a>.
What Happened: On Thursday, during an interview with The Free Press, Thiel suggested that such a tariff would be &#8220;very, very bad&#8221; for <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">Chinese companies</a> and China as a whole.
However, he believes the impact on American consumers would be &#8220;mildly negative&#8221; as manufacturing would likely shift away from China.
According to Thiel, shifting manufacturing from China to Vietnam would significantly harm China, and have only a minor impact on American consumers. From a geopolitical perspective, he argued, this move would align closely with American strategic interests.
See Also:&nbsp;<a href="https://www.benzinga.com/etfs/24/11/42018463/trumps-post-election-rally-fades-dollar-surges-to-over-1-year-highs-powell-puts-december-interest-rate-cut-into-question-this-week-in-the-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Post-Election Rally Fades, Dollar Surges To Over 1-Year Highs, Powell Puts December Interest Rate Cut Into Question: This Week In The Market</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Peter Thiel on the Triumph of the Counter-Elites" width="500" height="281" src="https://www.youtube.com/embed/wwJV_NuN43Y?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: Earlier this year, Chinese stocks <a href="https://www.benzinga.com/markets/asia/24/05/38782459/china-focused-etfs-have-become-political-footballs-in-us-as-investor-apprehension-leads-to-large-sca#google_vignette">experienced a notable rally</a>, pushing the SSE Composite Index in Shanghai to its highest point since September 2023.
However, Trump's proposed tariffs, which could reach as high as 60% on Chinese goods, along with additional import hikes on other nations, could disrupt these investments.
A day after Trump won, China-linked ETFs witnessed a sharp fall after rallying for nearly two months.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>China-linked ETFs</td>
<td>Share Price Drop On Nov. 6, 2024</td>
</tr>
<tr>
<td>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)</td>
<td>2.01%</td>
</tr>
<tr>
<td>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)</td>
<td>2.70%</td>
</tr>
<tr>
<td>iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)</td>
<td>2.94%</td>
</tr>
</tbody>
</table>
</figure>
U.S.-listed Chinese stocks such as Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) also <a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">saw a decline in trading</a> following Trump&#8217;s win.
The imposition of such tariffs could strain China's economic growth, negatively impacting the performance of <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">China-focused ETFs</a>, particularly those tied to the tech sector and large-cap companies, making them less attractive to investors.
Despite the immediate economic challenges that such a tariff would pose, some experts believe that China may view Trump's return to the White House as <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain">an opportunity for strategic advantage</a>.
Earlier this week, Chinese President Xi Jinping also expressed China's willingness to <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms">collaborate with the U.S. government</a>, regardless of the administration in power.
Image via Wikimedia
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

XPEV

Peter Thiel Says Trump's 60% China Tariff Would Be 'Very, Very Bad' For Beijing, Here's What's At Stake

Emerging market stocks have dropped to levels last seen in mid-September, with the downturn exacerbated by Donald Trump's victory and a Republican sweep<a href="https://www.benzinga.com/topic/donald-trump"> of the U.S. Congress.</a>
The iShares MSCI Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEM#NYSE">EEM</a>) has slumped 7% over the past month, with the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) and the iShares Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) underperforming — down 10.1% and 7.8%, respectively.
Trump&#8217;s win and full Republican control of Washington, D.C. raise critical questions for emerging markets (EM). What does a more protectionist U.S. policy and potential fiscal loosening mean for emerging economies, currencies and credit conditions?
<h1 class="wp-block-heading">Why Are Emerging Markets Falling?</h1>
Trump's election has sparked concerns over possible shifts in U.S. fiscal and trade policies that could have a ripple effect on global markets. 
&#8220;The prospects of looser fiscal policy and more trade protectionism have increased short- and long-term U.S. interest rates, putting upward pressure on borrowing costs in EMs,&#8221; according to Elijah Oliveros-Rosen, chief emerging markets economist at S&amp;P Global Ratings.
Higher U.S. interest rates tend to strengthen the dollar, making it more expensive for emerging markets to service dollar-denominated debt. This tighter financial environment has already started affecting emerging market currencies, which have weakened across the board against the dollar.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-1024x503.png" alt="" class="wp-image-648524" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-1536x754.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">EM Currency Depreciation: A Major Concern</h1>
Following Trump's win, most EM currencies — especially in Central and Eastern Europe and Latin America — have depreciated significantly against the U.S. dollar.
Investors worry the Federal Reserve may delay rate cuts in response to Trump&#8217;s policies, which could include new tariffs or stricter immigration rules. A stronger dollar and potential trade barriers pose serious risks for EM economies reliant on exports and foreign investment.
The Mexican peso, in particular, has been hit hard by Trump's election, as uncertainty over trade and immigration policies toward Mexico has made investors skittish. 
Private fixed investment in Mexico, which has been strong over the last two years due to nearshoring, could lose momentum until there's more clarity on U.S. policy.
&#8220;During the Trump 2016-2020 administration (excluding the pandemic), private fixed investment in Mexico declined 4.5%,&#8221; S&amp;P Global wrote in a report. 
<h1 class="wp-block-heading">Tightening Financial Conditions For EM</h1>
The rise in U.S. interest rates is tightening financial conditions for EMs, which rely heavily on affordable credit to finance growth. 
With borrowing costs rising, fiscal vulnerabilities in these markets could become more pronounced, potentially limiting governments' ability to stimulate their economies.
"Volatility in emerging market assets is expected to remain elevated for some time due to uncertainties surrounding U.S. policy details including trade, fiscal, and regulatory environment," said Oliveros-Rosen. 
Investors are likely to remain on edge until the new administration clarifies its approach, particularly toward trade.
<h1 class="wp-block-heading">Impact On Credit Ratings, Market Activity</h1>
The tightening financial environment is already impacting EM credit ratings.
 While the number of issuers rated ‘CCC+' and below has decreased slightly, indicating some deleveraging, many EM companies are still struggling with high debt levels. Riskier credits have been able to refinance for the first time since November 2021, but this could come at the cost of reduced capital expenditures in 2025-2026.
Corporate bond spreads in EMs remain tight, supporting robust market activity for speculative-grade issuers. With two months left in 2024, all EM regions — except for Asia — have already surpassed their average bond issuance volumes from the last seven years. Both benchmark and corporate yields have edged up amid the uncertainty, reflecting a more cautious investor sentiment.
<h1 class="wp-block-heading">Long-Term Outlook: Headwinds, Opportunities</h1>
Looking ahead, EMs face a mixed outlook. In the near term, "volatility in emerging market assets is expected to remain elevated for some time due to uncertainties surrounding U.S. policy details including, trade, fiscal, and regulatory environment,&#8221; S&amp;P Global wrote. 
Yet, demographics, technology, and the global energy transition could provide structural growth tailwinds over the next decade, potentially offsetting some of the risks posed by a protectionist U.S. stance. 
Supply-chain shifts and nearshoring trends, particularly in regions like Latin America, may also help some EMs attract investment.
As Oliveros-Rosen stated, "The specific policies announced by the next U.S. administration could either further amplify or reverse the recent tightening in financial conditions, with implications for EM growth and credit conditions."
In other words, the ball is in Washington's court. Whether EMs face a full-blown crisis or simply a period of adjustment will depend largely on Trump's policy choices in 2025.
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Photo: Shutterstock

Emerging Markets

Trump's Red Wave Pushes Emerging Market Stocks To 2-Month Lows: Volatility 'Expected To Remain Elevated'

China&#8217;s recent decision to cut interest rates has led to a decline in several China-focused exchange-traded funds (ETFs). The move, aimed at stimulating economic growth, has instead sparked concerns among investors about its broader implications.
What Happened: Several China-focused ETFs experienced declines following the country&#8217;s interest rate reduction. According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) fell by 2.30% on Monday pre-market. The iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) saw a decrease of 1.74%, while the Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) dropped by 0.85%. iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) also dropped by 1.56%.
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These declines come amid China&#8217;s decision to cut interest rates, a move that typically aims to stimulate economic growth. However, the immediate impact on these ETFs suggests investor concerns about the broader implications of such monetary policy adjustments.
Why It Matters: The rate cuts come at a time when investor sentiment towards Chinese markets is already fragile. Hopes for a<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41316058/chinese-stocks-etfs-struggle-as-multi-trillion-yuan-stimulus-hopes-fall-short-yet-m"> multi-trillion-yuan stimulus</a> package were dashed when Chinese authorities failed to deliver the anticipated measures. This lack of concrete fiscal support has left traders underwhelmed, despite signals of increased fiscal support.
Further compounding the issue, U.S.-listed Chinese stock<a href="https://www.benzinga.com/news/24/10/41424736/alibaba-nio-baidu-stocks-decline-amid-chinas-rate-cuts-whats-going-on">s also experienced a downturn</a> as Beijing implemented a reduction in its primary lending rates. Major companies such as Alibaba Group Holding Ltd , Baidu, Inc. , and NIO Inc. saw significant declines. This indicates a broader market reaction to China&#8217;s monetary policy adjustments, affecting both domestic and international investors.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

Pre-Market Outlook

US-Listed Chinese ETFs Drop After Beijing Cuts Interest Rates

Chinese tech giants Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) all gained early Friday, driven by stronger-than-expected <a href="https://www.benzinga.com/news/24/10/41399129/why-us-listed-china-etfs-are-gaining-up-to-6-in-fridays-premarket">GDP figures from China.</a>
The upbeat economic data has invigorated market sentiment, pushing U.S.-listed Chinese stocks higher and contributing to a rally in China-based exchange-traded funds (ETFs).
Additionally, per a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-18/china-s-further-slowdown-highlights-urgency-for-more-stimulus">report </a>early Friday, markets also found unexpected optimism in the People's Bank of China (PBOC). A speech from Governor Pan Gongsheng, along with the announcement of a support program for share buybacks, lifted market sentiment.
The National Bureau of Statistics expressed confidence that there is "large room" for further policy action this year, with a "very likely" chance of economic recovery, <a href="https://www.bloomberg.com/news/live-blog/2024-10-18/china-gdp-key-economic-indicators?sref=TBDibEcD">according </a>to Bloomberg. The bureau also noted that the external environment is &#8220;increasingly complex and grim&#8221; and the economy's foundation for a rebound needs to be further solidified. 
What Happened With GDP Data: China&#8217;s GDP expanded by 4.6% year-over-year in the third quarter, beating a Reuters poll forecast of 4.5%. Although the growth was marginally below the previous quarter's figure of 4.7%, it reassured investors that the world&#8217;s second-largest economy remains resilient despite recent challenges.
Alongside the GDP data, other indicators such as a 5.4% rise in industrial output and a 3.2% increase in retail sales further solidified optimism during Friday&#8217;s session.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api">As China&#8217;s Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt</a>
U.S.-listed ETFs tracking Chinese companies saw a sharp rise on the news. The KraneShares CSI China Internet ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NASDAQ">KWEB</a>), a fund heavily exposed to major Chinese tech firms, gained 4.5% early Friday. The iShares China Large-Cap ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NASDAQ">FXI</a>) and iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) also gained 4% each as investors looked to capitalize on the promising data.
Why This Matters For Alibaba: Alibaba, one of China's leading e-commerce platforms, is particularly sensitive to retail sales growth, making the better-than-expected retail data a boon for its stock. The company, which operates across multiple segments including online retail, cloud computing and digital media, stands to benefit from renewed consumer spending. 
With retail sales up by 3.2% in September, Alibaba is poised to capitalize on increased consumer activity and potentially stronger demand during the upcoming holiday shopping season.
Why This Matters For JD.com: JD.com, another key player in the Chinese e-commerce space, also experienced a boost from the positive GDP data. The company, known for its robust logistics network and dominance in online retail, is similarly tied to retail sales figures.
The industrial output increase of 5.4% was particularly relevant for JD, as its business relies on a smooth and efficient supply chain to meet growing demand.
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Why This Matters For Baidu: Baidu, China's most popular search engine and AI company, also saw its shares jump as part of the broader rally in Chinese tech stocks. Baidu has been expanding its reach into artificial intelligence and autonomous driving, areas that could benefit from China&#8217;s overall economic growth. 
As industrial activity rises, Baidu&#8217;s AI-driven enterprise services, cloud computing and autonomous driving ventures are expected to see increased demand. Moreover, improvements in consumer spending could boost Baidu's core advertising business, which is highly reliant on the health of the broader economy.
The Bigger Picture: China&#8217;s positive economic data arrives at a crucial time. Global markets have been increasingly concerned about the country's growth prospects amid a slowing property market and ongoing geopolitical tensions.
While concerns over declining house prices remain – with a sharper 5.8% drop year-over-year in September – the broader economy appears to be gaining strength. Investors interpret this data as a sign that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings" target="_blank" rel="noopener">China's targeted stimulus measures and government interventions</a> may stabilize the economy.
With Beijing reportedly considering further fiscal measures, including an <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api">$850 billion special treasury bond</a> to stimulate the economy and tackle local debt, the stage may be set for continued momentum in China's stock market.
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Photo: Shutterstock

Alibaba, JD.com, Baidu Stocks Climb On Strong China GDP Growth, Rising Consumer Spending

China&#8217;s stronger-than-expected GDP figures for the third quarter have led to a notable surge in U.S.-listed China-based ETFs during pre-market trading. This economic data has provided a boost to several key ETFs.
What Happened: China-based U.S.-listed ETFs experienced a significant uptick in pre-market trading following the release of robust<a href="https://www.benzinga.com/markets/asia/24/10/41398004/why-are-alibaba-nio-jd-com-and-other-us-listed-chinese-stocks-surging-today"> GDP figures from China.</a> According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) rose by 6.06%, while the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) increased by 4.93%. The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) also climbed 5.15%.
China&#8217;s GDP grew by <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">4.6% year-over-year </a>in the third quarter, surpassing the 4.7% prediction of Reuters poll. However, this growth was slightly below the 4.7% recorded in the previous quarter, marking the slowest pace since mid-last year and moving further from Beijing&#8217;s 5% annual target.
See Also: <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As China&#8217;s Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt</a>
Retail sales in September increased by 3.2% year-on-year, exceeding forecasts, while industrial output rose by 5.4%, also beating expectations. Despite these positive indicators, house prices fell by 5.8% year-over-year in September, a larger decline compared to August&#8217;s 5.3% drop. Meanwhile, the CSI 300 index in Mainland China surged 3.62% to close at 3,925.23, after reaching an intraday high of 5.5%.
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Why US-Listed China ETFs Are Gaining Up To 6% In Friday's Premarket

China is reportedly considering issuing 6 trillion yuan, approximately $850 billion, in ultra-long special treasury bonds over the next three years. This potential move aims to bolster the nation&#8217;s slowing economy through fiscal stimulus.
What Happened: Sources indicate that the funds from these bonds will be partially used to help local governments manage their hidden debts. This speculation follows the Ministry of Finance&#8217;s announcement to address local government debt pressures, although specific figures were not disclosed during a recent press briefing, according to a <a href="https://www.caixinglobal.com/2024-10-14/exclusive-china-may-issue-6-trillion-yuan-in-treasury-bonds-to-buttress-economy-102245341.html">report</a> by Caixin Global on Tuesday.
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Xing Zhaopeng, a senior China strategist at ANZ, shared with Reuters that this development aligns with expectations. He stated, &#8220;For next year, we still think a growth target of around 5% is likely to be maintained. So, for a 5% growth rate, that should be enough.&#8221;
Why It Matters: The anticipation of China&#8217;s fiscal stimulus has been a significant factor influencing investor sentiment. Recently, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41316058/chinese-stocks-etfs-struggle-as-multi-trillion-yuan-stimulus-hopes-fall-short-yet-m">U.S.-listed Chinese stocks</a> experienced a downturn as investors were left underwhelmed by a high-level briefing from Chinese authorities that did not meet expectations for substantial economic measures. Despite hints of increased fiscal support, the absence of a large-scale package has left traders disappointed.
Stocks such as Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) have seen declines of 6% to over 8% in the past five days. Similarly, Chinese electric vehicle stocks like NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) <a href="https://www.benzinga.com/government/24/10/41312039/whats-going-on-with-us-listed-chinese-stocks-alibaba-baidu-nio-xpeng-on-monday">have also traded lower</a>, with other EV stocks, including Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), losing over 3% to 11% in the same period.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, at the time of writing on Tuesday during the after-hours, Invesco Golden Dragon China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) was showed a 2.13% decline while iShares MSCI China Multisector Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCHI#NASDAQ">TCHI</a>) was up by 4.28%, Meanwhile, iShares China Large Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) was up by 0.27%, while iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) was down by 0.35%.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

TCHI

As China's Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt

Both the S&amp;P 500 and the Dow Jones Industrial Average extended their record highs on Monday, reflecting continued bullish sentiment as investors anticipate key <a href="https://www.benzinga.com/earnings">corporate earnings reports </a>later this week.
The S&amp;P 500 surged past 5,850 points during midday trading in New York, while the Dow Jones broke above the 43,000 mark for the first time. Wall Street celebrated the two-year anniversary of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41314387/most-widely-hated-bull-market-reaches-2-year-milestone-top-20-s-p-500-stocks-drivin">the bull market&#8217;s start.</a>
However, the Nasdaq 100 is still lagging. It gained 0.7% on the day but remains about 1% below its all-time high set on July 10.
Small-cap stocks also advanced, with the Russell 2000 climbing 0.6%. Among sectors, utilities and technology led the gains, while semiconductors and homebuilders were the top-performing industries.
Despite no major economic data releases, U.S. Treasury yields edged higher, with the 10-year yield reaching 4.13%, its highest level since late July. The U.S. dollar also rose by 0.3%.
Commodities were the weakest asset class, weighed down by uncertainty over China&#8217;s stimulus measures. Gold, silver, and copper fell 0.4%, 1.2%, and 2%, respectively. Crude oil prices dropped 2.3% as OPEC&#8217;s weakening demand outlook dampened sentiment.
Chinese equities, tracked by the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>), declined 1.1%.
In the crypto space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stood out as the best performer, rallying 4.5% to surpass $65,000. Other cryptocurrencies and crypto-linked stocks followed its lead.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,857.62</td>
<td>0.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,409.65</td>
<td>0.7%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,245.80</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,027.29</td>
<td>0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.7% to $583.72.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $430.59.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 0.8% to $497.15.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.6% to $222.52.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.2%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XKE#NYSE">XKE</a>) lagged, down 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) surged more than 5% after BNP Paribas initiated coverage with an Outperform rating and a $231 price target.</li>
<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) rallied 3.7%, after soaring 5.6% Friday, after Bank of America Securities raised the price target on the stock from $70 to $75. </li>
<li>SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) soared over 9% following the announcement of a major agreement with Fortress Investment Group LLC for its loan-platform business.</li>
<li>Upstart Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) jumped over 4% after Wedbush upgraded the stock to Neutral, boosting its price target from $10 to $45.</li>
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) rallied 7.7%, 7.3% and 5.4%, respectively, on the heels of Bitcoin&#8217;s rally. </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41302909/18-stocks-to-buy-7-to-sell-this-earnings-season-goldman-sachs-calls-it-the-year-of-the-stock-picker">18 Stocks To Buy, 7 To Sell This Earnings Season: Goldman Sachs Calls It &#8216;The Year Of The Stock Picker&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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S&P 500 Extends Record Highs, Dow Breaks 43,000 Ahead Of Pivotal Earnings Week, Bitcoin's Rally Lifts Crypto Stocks: What's Driving Markets Monday?

The market&#39;s price action and attention are making a new shift this quarter. For most of 2024, everyone wanted to find the next best thing in the United States technology sector, as the semiconductor industry saw massive rallies in shares of NVIDIA Co. However, it seems that the industry has run its course, and investors are now left to find the next hot trend, which came up in an unlikely place worldwide.
Asia&#39;s powerhouse, China, has recently sparked a new stock market rally after cutting interest rates by 50 basis points and injecting a few billion in capital into the economy to support its faltering financial markets. Some of the nation&#39;s biggest companies saw their stocks break out into multi-year highs, from valuations that were undeniably low to attract some of the United States&#39; best investors and fund managers.
These stock picks include names like Alibaba Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>), which is the fit choice amongst many investors today looking to get exposure to China. Then, there is Baidu Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>), serving as a companion to the technology sector. For those investors who don&#39;t feel comfortable&nbsp;investing in individual stocks, the&nbsp;iShares MSCI China ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mchi#NASDAQ">MCHI</a>) can&nbsp;diversify their capital across different industries and companies.
<h2>For Investors Who Missed the First Rally, China&#39;s Markets Are Offering a Second Chance</h2>
Even after having the best days in over two years and bringing these stocks to new valuations, reality fell short of bullish expectations to justify keeping the rally going for these stocks. At least, this is what the media headlines are blaming the recent retracement on, ignoring the fact that there might have been a lot of old business &quot;stuck&quot; on these stocks waiting to get out.
When investors realize that stocks like Alibaba and others in the iShares China ETF spent just over two years trading in a near-flat channel, it&#39;s easier to imagine many premature bulls holding onto their positions and waiting for the first big rally to start unloading some of their inventory.
That might be what&#39;s actually happening at the moment, and that&#39;s why investors should not take the current sell-off lightly or as anything short of an opportunity to get in before the sentiment continues. Surely, some investors who recently bought these stocks before the rally may be obligated to trim down their positions for weighing purposes, but that doesn&#39;t mean they&#39;re suddenly bears.
Investors like Michael Burry and David Tepper recently chose to make Alibaba their largest position. Institutional players like these two have to decrease the weight of a stock if its position becomes too big compared to the rest of its holdings. This, combined with old stuck bulls getting out, might have caused the sell-offs.
However, Wall Street analysts recognize these stocks for their double-digit upside potential and high-quality business models. China&#39;s economy is just starting to come off its bottoming cycle, so it would seem that only clear skies lie ahead for this nation and the Asian region.
<h2>Worst Day in the Market? A Golden Opportunity for Value Investors</h2>
After suffering a 10.8% decline in a single day, the iShares China ETF just posted its worst day in history this week. However, that doesn&#39;t have to mean everyone should get out; in fact, just the opposite might be true.
The same goes for Alibaba and Baidu, as these two stocks fell by 6.7% and 7.4%, respectively, in a single day.
Compared to today&#39;s prices, investors can see that current Wall Street valuations and projections would place an attractive value proposition for these companies in the next 12 months; here&#39;s what these analysts have to say.
<h2>Alibaba&#39;s Recovery Still Intact</h2>
While the consensus price target for Alibaba stock is now set at $111.1 a share, a few analysts felt bold enough to stand out from the pack. Leading the way were those at Macquarie, upgrading Alibaba stock to an &quot;Outperform&quot; rating, a new view that was coupled with a $145 a share price target for the company.
To prove these analysts right, the stock would need to rally by as much as 32.2% from where it has gotten to today. More than that, Alibaba&#39;s management has approved a stock buyback program of up to $25 billion for this year, representing roughly 10% of the company&#39;s market capitalization today.
<h2>Baidu&#39;s Value Proposition Seems Best</h2>
What better way to play the world&#39;s fastest-growing middle class than by having access to consumer and user data on a daily basis, as well as being able to monetize such data to other businesses that might find it useful. Investors can think of Baidu as America&#39;s Alphabet Inc., only with a few more years of high growth.
Wall Street&#39;s consensus price target of $132.1 a share calls for a net upside of as much as 24.6% from where it trades today, especially after the recent sell-off. More than that, Baidu is one of Michael Burry&#39;s top five holdings in his fund, and if he&#39;s known for anything, it is for being right on his big bets.
Based on the noncyclical nature of Baidu&#39;s business, unlike Alibaba&#39;s dependence on consumer discretionary trends, it is the best path to a recovery stemming from its value proposition to investors today.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/this-major-sell-off-in-chinese-stocks-could-be-your-buy-signal/">This Major Sell-Off in Chinese Stocks Could Be Your Buy Signal</a>&quot; first appeared on MarketBeat.

Price Target

Buybacks

Analyst Ratings

This Major Sell-Off in Chinese Stocks Could Be Your Buy Signal

U.S.-listed Chinese stocks faced a <a href="https://www.benzinga.com/topic/china">sluggish start to the week</a>. 
Investor sentiment faltered following a high-level briefing from Chinese authorities that lacked the concrete stimulus measures many had anticipated. 
Despite signals of increased fiscal support, the absence of a large-scale economic package left traders underwhelmed.
<h3 class="wp-block-heading">Weekend Briefing Misses Expectations</h3>
To stabilize the economy, the Chinese Ministry of Finance (MoF) hinted at a press conference on Oct. 12 that it may raise the government debt ceiling, support local governments, address issues in the property market, and bolster major banks.
However, the MoF stopped short of announcing the multi-trillion-yuan stimulus package that markets had hoped for. 
The lack of details on measures to boost consumer demand and spark a stronger economic recovery weighed heavily on investor sentiment. 
<h3 class="wp-block-heading">Key Announcements</h3>
<ul>
<li>The MoF indicated that $300 billion (RMB2.3 trillion) in local government special bond funds would be used in Q4, suggesting a more aggressive fiscal push toward the end of the year.</li>
<li>The National Development and Reform Commission (NDRC) announced plans to pre-approve RMB200 billion worth of projects for 2024 by the end of October, intending to start construction by year-end.</li>
</ul>
<h3 class="wp-block-heading">Analyst Reactions</h3>
Helen Qiao, Asian economist at Bank of America, emphasized that the market had been eagerly awaiting more specific details about the upcoming fiscal stimulus.
"Markets have been keen to know the size, timing, and composition of any potential fiscal package," she said in a note.
&#8220;While the Oct. 12 announcement appears to lack details, in our view, it does not rule out a decent-sized fiscal package to be rolled out in the coming weeks,&#8221; Qiao added.
Qiao also indicated that while more measures to boost consumption &#8216;are still on the table,&#8217; though they are not expected until 2025. 
&#8220;As we have cautioned earlier, the MoF is not in the capacity of announcing any budget revisions before receiving greenlights from the NPC.&#8221;
Hui Shan, an economist at Goldman Sachs, saw the briefing as a sign that China is refocusing its economic policy towards growth.
&#8220;Although the much-anticipated Ministry of Finance (MoF) press conference on October 12 did not spell out great details on the upcoming fiscal stimulus package, officials provided strong forward guidance on increased fiscal support,&#8221; Shan said.
She further highlighted a shift in policy focus: &#8220;The Chinese government has clearly made a turn on cyclical policy management and increased its focus on growth.&#8221;
As a result of this shift, Goldman Sachs revised its fourth-quarter growth forecast, raising it from 5.5% to 7.5% on a quarter-over-quarter basis. The firm also increased its 2024 GDP forecast from 4.7% to 4.9%, and raised its 2025 GDP forecast from 4.3% to 4.7%. 
<h2 class="wp-block-heading">Mixed Performances For Chinese Stocks</h2>
Following the announcement, U.S.-listed Chinese stocks experienced a mixed response. Several key names suffered losses as disappointment over the lack of immediate stimulus took hold.
<ul>
<li>Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) slipped 0.6%.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) fell 2.8%.</li>
<li>Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) dropped 3.9%.</li>
</ul>
However, not all stocks saw declines:
<ul>
<li>JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) bucked the trend, rising 2.3%.</li>
<li>KE Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NASDAQ">BEKE</a>), a real estate broker, surged over 5% on optimism about future property market support.</li>
</ul>
<h3 class="wp-block-heading">Chinese ETFs also reacted, largely trending downward:</h3>
<ul>
<li>iShares China Large Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) stayed flat.</li>
<li>iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) dipped 0.3%.</li>
<li>KraneShares CSI Internet China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) fell 0.9%.</li>
<li>Invesco Golden Dragon China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) declined 0.7%.</li>
<li>First Trust China AlphaDEX Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCA#NASDAQ">FCA</a>) dropped 0.5%.</li>
<li>iShares China Multisector Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCHI#NYSE">TCHI</a>) slid 1.2%.</li>
<li>Franklin FTSE China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCH#NYSE">FLCH</a>) edged down 0.2%.</li>
</ul>
Read now:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41312039/whats-going-on-with-us-listed-chinese-stocks-alibaba-baidu-nio-xpeng-on-monday">What&#8217;s Going On With US Listed Chinese Stocks Alibaba, Baidu, Nio, XPeng on Monday?</a></li>
</ul>
Image: Shutterstock

BEKE

Chinese Stocks, ETFs Struggle As Multi-Trillion-Yuan Stimulus Hopes Fall Short, Yet More Measures 'Are Still On The Table'

China&#39;s economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand. Late in September&mdash;just after the U.S. Federal Reserve announced its first federal funds rate cut in several years&mdash;the People&#39;s Bank of China unveiled a three-part monetary stimulus program to reduce reserve requirement ratios (the amount of cash banks are required to keep on hand), mortgage rates and down payment requirements, and more.
Some economists view monetary easing of this kind as limited in its potential impact during an economic downturn. Still, the immediate response of Chinese markets to the announcement has been a flurry of activity and a significant rally. The CSI 300, an index representing 300 of the largest publicly traded, Chinese-listed companies, is up by nearly 24% in the last month. Following the stimulus reveal, it had its&nbsp;single best day in nearly two decades.
A dip in Hong Kong stocks late in September prompted investors to speculate about how long the rally would continue. Indeed, consensus seems to be growing that a sharp reversal may be in store at some point if the stimulus measures are deemed to be ineffective overall. Still, there are several companies investors may wish to focus on during the boom.
<h2>NIO: Jolt for EV Maker</h2>
The Chinese government&#39;s stimulus package has helped to propel EV maker NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) upward by more than 55% in the last month, though the stock remains down more than a quarter overall in the last year.
Besides the boost tied with the broader Chinese equities space, NIO has experienced added momentum thanks to its late-September announcement of a RMB3.3 billion investment in its NIO China subsidiary from external investors, alongside a commitment of an additional RMB10 billion that NIO itself will make.
Still, investors should exercise caution when it comes to NIO shares. Despite surging in recent weeks, the company faces stiff competition domestically and unfavorable tariffs in other parts of the world that are likely to limit its ability to undercut the Model Y from competitor Tesla Inc.&nbsp;with its new affordable ONVO L60 offering.
<h2>TME: Earnings and Cash Flow Growth</h2>
Tencent Music Entertainment Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tme#NYSE">TME</a>), the online music and entertainment streaming platform provider, has massive earnings growth potential. Analysts project 27.4% earnings growth this year, far ahead of the wider industry.&nbsp;The company already posted a 33.1% year-over-year improvement in net profit&nbsp;in the latest quarter, driven by an increase in online music subscribers and improved retention rates.
Tencent has coupled this rapid bottom-line growth with steady improvement in cash flow as well, allowing the company to sustainably expand its operations. If China&#39;s stimulus program is effective at boosting consumer spending, Tencent is likely to be a major recipient.
<h2>MCHI: Broad Market Coverage and Attractive Liquidity</h2>
Investors looking to lean toward Chinese equities more broadly and without focusing on a single firm may look to the iShares MSCI China ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mchi#NASDAQ">MCHI</a>). This fund provides wide exposure to nearly 600 large-cap Chinese firms.
While it is not the cheapest broad-based China-focused ETF based on expense ratio, it provides superior liquidity and a strong asset base relative to some of its less-expensive competitors.
MCHI is up by more than a third in the last year, sharply outpacing the CSI 300 during that same period.
<h2>Impact of Additional Stimulus Measures</h2>
China&#39;s government spending is currently below budget&nbsp;due to minimal capital investment projects and a lack of government revenue. In response, the government is&nbsp;reportedly considering issuing about $284 billion in special sovereign bonds in the coming weeks. This would likely further boost the Chinese economy, particularly in&nbsp;household consumption and at the local government level.
In the meantime, China&#39;s economy is not out of trouble just yet. Investors should be cautious about the rapid uptick in many Chinese equities and keep in mind that the rally may be short-lived. Still, some individual companies&mdash;and even the broader Chinese market&mdash;may still offer room for growth. Indeed, some non-Chinese companies also stand to benefit from a continued rally thanks to this stimulus package.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/key-stocks-to-ride-chinas-stimulus-driven-growth/">3 Key Stocks to Ride China&#39;s Stimulus-Driven Growth</a>&quot; first appeared on MarketBeat.

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3 Key Stocks to Ride China's Stimulus-Driven Growth

The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People&#8217;s Bank of China announced measures to boost the stability of the domestic equity market.
What Happened: In a statement released on its website, the PBoC said it has decided to establish the &#8220;Securities, Funds and Insurance Companies Swap Facility,&#8221; or SFISF, to support qualified securities, funds and insurance companies to exchange bonds, stock exchange-traded funds and CSI 300 constituent stocks and other assets for high-grade liquid assets such as Treasury bonds and central bank bills from the central bank. 
The scale of operation during the first phase is 500 billion yuan ($70.7 billion) and this could be expanded further depending on the situation, the central bank said. Applications from qualified securities, funds and insurance companies will be accepted with immediate effect, it said.
The central bank clarified that the new measure is in order to implement the requirements of the Third Plenary Session of the 20th CPC Central Committee regarding &#8220;establishing a long-term mechanism to enhance the inherent stability of the capital market&#8221; and promote the healthy and stable development of the capital market.&#8221;
See Also: <a href="https://www.benzinga.com/money/best-chinese-stocks">Best Chinese Stocks</a>
Thursday&#8217;s announcement comes on top of the liquidity-boosting measures the central bank announced in late September regarding cutting the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan for new lending.
The central bank hinted at the possibility of reducing it by a further 0.25-0.50% points. It also said it would lower the seven-day repo rate by 0.2 points, the interest rate on a medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points.
Market Reacts: The Shanghai Composite Index &#8211; the key market gauge of mainland China, rallied strongly following the fresh stimulus. After opening at 3,277.69, modestly higher than the previous close of 3,258.86, the index gave back its gains in early trading and moved below the unchanged line.
Following PBoC&#8217;s announcement, the index recovered. At last check, it traded 2.92% higher at 3,353.91.
Hong Kong&#8217;s Hang Seng Index also rallied over 4%.
US-listed Stocks Rip Higher: U.S.-listed Chinese stocks listed in Hong Kong reflected the buoyancy and were sharply higher by mid-day on Thursday. Among the gainers are:
<ul>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) gained 4.28%.</li>
<li>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) jumped 9.50%.</li>
<li>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 5.96%.</li>
<li>Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) added 6%.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) climbed 5.63%.</li>
<li>Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) moved up 1.98%.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) moved up 2.47%.</li>
</ul>
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) ended Wednesday&#8217;s session down 2.36% at $51.97, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">China Was Tipping Into A Japan-Style &#8216;Lost Decade&#8217; Of Deflation And Stagnation Before Late-September Stimulus Announcements, Says Legal Expert</a></li>
</ul>
Image via Shutterstock

Alibaba, JD.com, XPeng Soar In Hong Kong As PBOC's Fresh Stimulus To Boost Stock Market Sends Chinese Main Stock Market Gauge Up By 3%

중국의 기술 부문이 강력한 반등을 보이면서 투자자들은 <a href="https://www.benzinga.com/etfs">ETF를 통해 이 분야에 투자하려는 경향이 높아지고</a> 있다.
인터넷 대기업, 광범위한 기술 기업 또는 주요 중국 기업들을 혼합한 ETF는 중국의 혁신 붐을 경험할 수 있는 다각화된 방법을 제공한다.
중국의 반등하는 기술 섹터에 접근할 수 있는 세 가지 ETF를 소개한다.
또한 읽기: <a href="https://www.benzinga.com/news/global/25/01/43315374/ai-etfs-in-focus-as-alibaba-challenges-deepseek-with-new-model">알리바바가 딥시크에 새로운 모델로 도전하면서 주목받는 AI ETF</a>
<ul>
<li>Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>): 이 ETF는 중국의 기술 대기업들에 집중적으로 투자한다. 또한 인공지능(AI), 전자 상거래 및 클라우드 컴퓨팅의 선두에 있는 텐센트(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), PDD 홀딩스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) 및 바이두(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)와 같은 주요 기업들이 포함된 FTSE China Incl A 25% Technology Capped Index를 반영한다. 최근 바이두 클라우드와 텐센트 클라우드는 딥시크(DeepSeek)의 AI 모델을 자사 플랫폼에 통합했다. 딥시크의 상승세로 인해 두 회사 모두 성장을 경험했고 CQQQ도 함께 상승했다. 이 ETF는 올해 현재까지 13.5% 상승했으며, 지난 1년 동안 45% 상승했다.</li>
</ul>
<ul>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>): 이 ETF는 중국의 주요 인터넷 기업들에 대한 노출을 제공한다. CSI Overseas China Internet Index를 반영하며, 알리바바(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), 텐센트 및 바이두와 같은 주요 기업들이 포함되어 있다. 알리바바의 최신 AI 모델은 <a href="https://www.benzinga.com/25/01/43311376/alibaba-unveils-qwen25-max-claims-it-beats-deepseek-and-openai-in-ai-performance-race">여러 테스트에서</a> 메타 플랫폼스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)의 라마(Llama)와 딥시크의 V3를 제치며 주목받았다. 이로 인해 알리바바의 주가가 급등하였고, KWEB도 함께 상승했다. 월스트리트 중개인들이 중국의 가치 할인이 사라질 것에 대해 더 낙관적으로 변하면서, KWEB은 외국 자금 유입 증가의 혜택을 볼 가능성이 있다. 이 ETF는 올해 현재까지 12.6% 상승했으며, 지난 1년 동안 32.5% 상승했다.</li>
</ul>
<ul>
<li>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>): 이 ETF는 더 넓은 노출을 제공하면서도 기술 주식에 대한 상당한 할당을 유지한다. 텐센트, 알리바바, 메이투안 및 샤오미와 같은 중국의 가장 크고 유동성이 높은 기업들이 MCHI의 보유종목 중 하나이다. HSBC는 최근 중국과 신흥 시장 간의 가치 격차가 좁혀질 수 있다고 언급했다. 이는 글로벌 자금이 중국 주식으로 유입될 때 발생하는 일이다. 도이치 뱅크도 같은 의견을 보였다.</li>
</ul>
<h3 class="wp-block-heading">시장 개요</h3>
현재 항셍 기술 지수는 예상 주가수익비율(P/E)이 17배로 거래되고 있으며, 이는 나스닥 100의 27배 평가액보다 상당히 저렴하다고 블룸버그가 수집한 데이터에 따르면 나타났다. 이는 가격 상승의 여지가 충분하다는 것을 시사하여 MCHI를 매력적인 옵션으로 만든다. 이 ETF는 올해 현재까지 8.32% 상승했으며, 지난 12개월 동안 31.25% 상승했다.
수년간의 규제 악재와 경제 불확실성에도 불구하고 중국의 기술 섹터는 강력하게 반등하고 있다. AI 혁신의 급증과 유리한 가치 평가가 항셍 기술 지수를 상승장으로 이끌었으며, 월스트리트 애널리스트들은 이 분야에 대해 점점 더 낙관적이라고 블룸버그가 보도했다. 샤오미와 알리바바와 같은 대기업들이 이 반등을 선도하고 있다.
한편, 블룸버그는 도이치 뱅크의 애널리스트들이 중국의 혁신 주도 반등이 글로벌 투자자들을 국가의 주식으로 급격히 돌리게 할 것이라고 주장했다고 보도했다. 이는 지정학적 위험에도 불구하고 발생하는 일이다.
유리한 가치 평가가 긍정적인 분위기를 강화하는 데 도움을 주었다. 도이치 뱅크의 피터 밀리켄(Peter Milliken)은 연구 메모에서 다음과 같이 말했다: &#8220;우리는 2025년에 투자 세계가 중국이 나머지 세계를 능가하고 있다는 것을 깨닫는 해가 될 것이라고 생각한다.&#8221;

다음 읽기: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43565442/exclusive-defiance-ceo-talks-about-the-new-orcx-etf-launch-and-all-things-ai">독점: 디파이언스 CEO가 새로운 ORCX ETF 출시 및 모든 것 AI에 대해 이야기합니다.</a></li>
</ul>
사진: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

며칠 전, 시장은 2024년에 중국 주식이 3년간의 하락세를 뒤로하고 반등한 것에 고무되었다. 그러나 중국 주식과 이에 노출된 ETF들에는 불확실성의 그림자가 드리워져 있다.
바이든 행정부가 두 개의 중국 기술 대기업인 텐센트 홀딩스(Tencent Holdings)와 컨템포러리 암페렉스 테크놀로지(CATL)를 블랙리스트에 추가하겠다고 발표한 것은 글로벌 시장에 충격파를 일으켰다. 이는 이미 불안정한 <a href="https://www.benzinga.com/topic/china">미국-중국 경제 관계</a>에 미칠 영향을 투자자들이 우려하기 때문이다.
세계 최대 게임 퍼블리셔인 텐센트와 CATL은 1월 6일 주가가 급락했다.
추가 읽기: <a href="https://kr.benzinga.com/news/usa/stocks/%E7%BE%8E-%EA%B5%AD%EB%B0%A9%EB%B6%80-%EB%B8%94%EB%9E%99%EB%A6%AC%EC%8A%A4%ED%8A%B8%EC%97%90-%EC%98%A4%EB%A5%B8-%ED%85%8C%EC%8A%AC%EB%9D%BC-%EA%B3%B5%EA%B8%89%EC%97%85%EC%B2%B4-catl%EC%99%80-%ED%85%90/" target="_blank" rel="noopener">테슬라 공급업체 CATL, 리그 오브 레전드 개발사 텐센트, 펜타곤 블랙리스트 대응 법적 조치 계획, 군사적 연관 부인</a>
주목할 만한 ETF들 중에는 iShares MSCI China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)가 있다. 이 ETF는 전체 보유 자산 중 15.40%를 텐센트에 할당하고 있어, 1월 7일 순자산가치(NAV)가 1% 하락했다.
SPDR S&amp;P China ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXC#NYSE">GXC</a>): 이 ETF는 다양한 보유 종목으로 유명하며, 텐센트에 11.42%를 할당하여 가장 큰 비중을 차지하고 있다. 알리바바(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) 및 메이투안(Meituan)과 같은 다른 주요 중국 기업들도 포트폴리오에서 중요한 위치를 차지하고 있다.
Invesco China Technology ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>): 이 ETF는 자산의 100%를 중국 기술 주식에 할당하며, 지정학적 발전에 특히 민감하다. 또한 텐센트는 총 자산의 10.76%를 차지하고 있다.
또한, 테슬라 주식에 대한 노출이 높은 ETF들, 예를 들어 Simplify Volt TSLA Revolution ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>)도 CATL이 테슬라의 주요 배터리 공급업체라는 이유로 영향을 받고 있다.
텐센트와 CATL을 &#8216;중국 군사 회사&#8217; 목록에 추가하는 이 조치는 미국의 중국의 군사적 및 산업적 야망에 대한 대응 노력의 일환이었다. 이 지정은 즉각적인 제재를 부과하지 않지만, 미국 기업들이 이들 기업과 거래하지 않도록 단념시키는 효과가 있어, <a href="https://www.bloomberg.com/news/articles/2025-01-07/us-blacklist-of-china-s-tech-giants-risks-even-faster-decoupling?srnd=homepage-asia&amp;sref=TBDibEcD">블룸버그</a>가 언급한 바와 같이 투자자 심리에도 영향을 미친다.
현재 블랙리스트에는 134개의 중국 기업들이 포함되어 있으며, 이 중 4개는 시가총액 기준으로 중국 상위 20위 안에 들어, 총 가치가 거의 1조 달러에 달한다.
이제 ETF 투자자들은 중국 기업들에 직접 또는 간접적으로 노출된 펀드가 증가된 변동성을 경험할 수 있음을 주의 깊게 지켜보고 있다.

다음 보기: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/01/42883477/amplify-to-liquidate-cannabis-focused-mjus-etf-as-regulatory-uncertainty-weighs-on-sector">앰플리파이, 규제 불확실성이 섹터에 미치는 영향으로 MJUS ETF 청산 예정</a></li>
</ul>
사진: Shutterstock


Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

중국이 <a href="https://www.benzinga.com/topic/china" target="_blank" rel="noopener">거대한 경제 카드</a>로서의 역할을 하고 있을지도 모른다.
이번 주 로이터가 인용한 소식통에 따르면, 중국 정책 입안자들은 미국이 중국 수입품에 60% 관세를 부과할 경우 경제적 충격을 상쇄하기 위해 2025년에 위안화를 대폭 약세로 조정하는 방안을 고려 중이다.
이 조치는 베이징의 통화 전략에서 중대한 변화를 나타내며, 경제 압박이 심화되는 상황에서 발생하고 있다.
하지만 이 전략이 실제로 효과를 발휘할까?
<h3 class="wp-block-heading">위안화 약세: 양날의 검?</h3>
도널드 트럼프 대통령 당선자가 제안한 모든 수입품에 10% 관세, 그리고 중국 제품에 60%라는 엄청난 관세가 부과될 경우, 베이징은 완충책으로 평가 절하를 고려하게 되었다. 위안화가 약세를 보이면 이론적으로 중국의 수출품 가격이 저렴해져 미국 관세의 영향을 상쇄할 수 있다.
그렇지만, 베이징은 미세한 줄타기를 하고 있다.
ING의 분석가인 린 송(Lynn Song)에 따르면, 중국 인민은행은 위안화를 &#8220;강력히 방어&#8221;할 것으로 예상된다. 중앙은행은 위안화가 너무 급격히 하락할 경우 워싱턴의 더욱 강력한 보복 조치를 촉발할 수 있다는 점을 잘 알고 있다.
이 소문에 대응하여, 인민은행 계열지인 파이낸셜 뉴스(Financial News)는 위안화가 여전히 탄탄한 기초를 유지하고 있으며, 연말까지 안정화되고 강세를 보일 것이라고 예상했다.
<h3 class="wp-block-heading">중국의 진짜 문제: 자산 부채 위기</h3>
관세 문제가 중국의 유일한 문제가 아니다.
중국은 주택 시장이 붕괴되고, 주식 시장이 약세를 보이며 및 소비자 활동이 둔화되는 등 다각적인 경제적 전투에 직면해 있다.
&#8220;정책 입안자들이 의도한 주택 시장의 부드러운 디레버리징은 잔혹한 자산 부채 위기로 변모했다&#8221;고 팔리누로 캐피털(Palinuro Capital)의 최고 투자 책임자인 알폰소 페카티엘로(Alfonso Peccatiello)가 말했다.
&#8220;2021년 이후로 부동산에 묶인 수조 달러의 부가 사라졌다&#8221;고 덧붙였다.
자산 부채 위기는 매우 가혹하다. 이 시나리오에서는 소비자와 기업이 지출이나 투자를 우선시하기보다 재정을 회복하는 것을 우선시하여, 금리 인하나 통화 평가절하와 같은 전통적인 통화 정책 수단이 효과를 발휘하기 어렵다.
이러한 경제적 둔화는 2011-2012년 유로존 채무 위기를 연상시킨다. 그 당시 재정 긴축 조치로 인해 통화 정책이 실물 경제를 자극하는 데 거의 효과가 없었다.
<h3 class="wp-block-heading">지금까지의 베이징의 대응</h3>
중국의 정책 대응은 솔직히 말해 용기가 부족했다.
당국은 소규모 재정 자극책을 언급했지만, 이러한 노력은 실질적인 변화를 가져올 만큼의 규모와 범위가 부족하다.
정부는 또한 투자자들이 중국 주식을 공매도하지 않도록 방지하는 메커니즘을 마련하여 시장을 안정시키려 했다. 추가적으로, 중앙은행은 유동성을 높이기 위해 금리를 공격적으로 인하했다.
이러한 개입에도 불구하고 경제는 실질적인 성과를 내지 못했으며, 분석가들과 투자자들은 베이징의 전략에 대해 의구심을 가지고 있다.
중국 주식 지수를 추적하는 주요 기준인 iShares MSCI China ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>)는 2021년 2월 기록적인 고점 대비 거의 50% 하락한 상태로 계속 유지되고 있다.
<h3 class="wp-block-heading">위안화 약세가 이 문제를 해결하지 못하는 이유</h3>
위안화를 약세로 만드는 아이디어는 마법 같은 해결책처럼 들릴 수 있지만, 경제학자들은 이 전략의 효과에 대해 회의적이다.
&#8220;자산 부채 위기에서는 소비자와 기업이 금리 인하나 통화 평가절하로 더 많은 지출을 하도록 유도될 수 없다&#8221;고 페카티엘로가 말했다.
&#8220;그들은 재정적으로 고통받고 있으며, 부동산 시장의 지속적인 약세로 인해 순자산이 감소하고 있는 것을 보고 있다.&#8221;
간단히 말해, 통화 약세는 무너진 부를 재건하거나 중국 가계와 기업의 신뢰를 회복하지 못한다.
<h3 class="wp-block-heading">진짜 해결책은 무엇인가?</h3>
페카티엘로에 따르면, 중국의 해결책은 대규모의 목표 지향적 재정 자극을 시행하는 것일 수 있다.
넓고 불분명한 조치보다는, 정부가 어려움을 겪고 있는 기업들과 소비자에게 상당한 지출을 직접 지원하는 것을 고려할 수 있다.
여전히 남아 있는 질문은: 베이징이 실질적인 재정 부양책을 취할 것인가?

다음 읽기:
<ul class="block core-block">
<li><a href="https://kr.benzinga.com/news/usa/stocks/%ED%8A%B8%EB%9F%BC%ED%94%84-doge%EC%9D%98-%EC%A7%80%EC%B6%9C-%EC%82%AD%EA%B0%90-%EB%AA%A9%ED%91%9C%EC%97%90-%EB%B0%A9%EC%82%B0%EC%A3%BC%EB%8A%94-%EC%97%AD%ED%92%8D%EC%97%90-%EC%A7%81%EB%A9%B4/" target="_blank" rel="noopener">트럼프의 DOGE가 지출 삭감을 목표로 함에 따라 국방 주식은 역풍에 직면: 골드만삭스, 제너럴 다이내믹스 등급 하향 조정</a></li>
</ul>
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

저명한 기술 투자자이자 팔란티어 테크놀로지스의 공동 설립자인 피터 틸(Peter Thiel)은 도널드 트럼프 대통령 당선인의 <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low" target="_blank" rel="noopener">중국 제품에 대한 60% 관세 부과</a>가 중국에 미칠 잠재적 영향에 대해 대담한 예측을 내놓았다.
무슨 일 있었나: 목요일(14) 더 프리 프레스(The Free Press)와 인터뷰에서 피터 틸은 대중국 관가 <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election" target="_blank" rel="noopener">중국 기업</a>과 중국 전체에 "매우, 매우 안 좋을 것"이라고 말했다. 그러나 그는 제조업이 중국에서 이전할 가능성이 높기 때문에 미국 소비자에게 미치는 영향은 "약간 부정적"일 것이라고 생각한다.
피터 틸은 중국에서 베트남으로 제조업을 이전하면 중국에는 큰 타격을 주지만, 미국 소비자에게는 미미한 영향만 미칠 것이라고 했다. 그는 지정학적 관점에서 볼 때 이러한 움직임은 미국의 전략적 이익과 밀접한 관련이 있다고 주장했다.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/stocks/%ED%85%8C%EC%8A%AC%EB%9D%BC-%ED%8A%B8%EB%9F%BC%ED%94%84-%ED%96%89%EC%A0%95%EB%B6%80%EC%9D%98-fsd-%EA%B7%9C%EC%A0%9C-%EC%99%84%ED%99%94-%EA%B0%80%EB%8A%A5%EC%84%B1-%EB%B3%B4%EB%8F%84-%EC%9D%B4/" target="_blank" rel="noopener">테슬라, 트럼프 행정부의 FSD 규제 완화 가능성 보도 이후 야간 거래에서 5% 이상 급등</a>
왜 중요한가: 올해 초 중국 증시는 눈에 띄는 상승세를 보이며 상하이 종합지수가 2023년 9월 이후 최고치를 기록했다.
그러나 트럼프가 제안한 중국산 제품에 대한 60%에 달하는 관세와 다른 국가에 대한 추가 수입 인상으로 인해 중국 투자에 차질을 일으킬 수 있다.
중국 관련 ETF는 거의 두 달 동안 상승세를 보이다가 트럼프가 당선된 다음 날 급락세를 보였다.
<figure class="wp-block-table">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>중국 관련 ETF</td>
<td>2024년 11월 6일 주가 하락률</td>
</tr>
<tr>
<td>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)</td>
<td>2.01%</td>
</tr>
<tr>
<td>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)</td>
<td>2.70%</td>
</tr>
<tr>
<td>iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)</td>
<td>2.94%</td>
</tr>
</tbody>
</table>
</figure>
미국 상장 중국 주식인 알리바바(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), 징동닷컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), 바이두(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), 니오(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), 리 오토(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), 샤오펑(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)와 같은 미국 상장 중국 주식들도 <a href="https://www.benzinga.com/markets/asia/24/05/38782459/china-focused-etfs-have-become-political-footballs-in-us-as-investor-apprehension-leads-to-large-sca#google_vignette" target="_blank" rel="noopener">트럼프의 대선 승리 이후</a> 하락했다.
트럼프의 대규모 관세 부과는 중국 경제 성장에 부담을 줄 수 있으며, 특히 <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election" target="_blank" rel="noopener">기술주 및 대형주 관련 중국 ETF</a>의 성과에 부정적인 영향을 미쳐 투자자들에게 덜 매력적으로 보일 수 있다.
이러한 관세가 초래할 당장의 경제적 어려움에도 불구하고, 일부 전문가들은 중국이 트럼프 대통령의 백악관 복귀를 <a href="https://www.benzinga.com/news/global/24/11/41870809/china-may-benefit-from-trumps-return-to-white-house-despite-his-tariff-plans-says-expert-short-term-pain-but-potentially-long-term-strategic-gain" target="_blank" rel="noopener">전략적 이점의 기회</a>로 볼 수 있다고 생각한다.
이번 주 초 시진핑 중국 국가주석은 집권하는 행정부에 관계없이 <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms" target="_blank" rel="noopener">미국 정부와 협력할 의지가 있음</a>을 표명하기도 했다.
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피터 틸, "트럼프의 60%  관세는 중국에 매우 안 좋아": 어떤 종목 영향 받을까?

중국의 주요 기술 기업들인 알리바바 그룹 홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD닷컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) 및 바이두(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) 등이 금요일 2% 이상 상승했다. 이는 <a href="https://www.benzinga.com/news/24/10/41399129/why-us-listed-china-etfs-are-gaining-up-to-6-in-fridays-premarket" target="_blank" rel="noopener" data-google-interstitial="false">중국의 GDP 수치</a>가 예상보다 좋게 발표된 데 따른 것이다.
이 긍정적인 경제 데이터는 시장 심리를 활성화시켜, 미국에 상장된 중국 주식들이 상승하고, 중국 기반 상장지수펀드(ETF)들의 랠리에 기여했다.
또한, 금요일 오전 블룸버그 <a href="https://www.bloomberg.com/news/articles/2024-10-18/china-s-further-slowdown-highlights-urgency-for-more-stimulus" target="_blank" rel="noopener">보도</a>에 따르면, 시장은 중국인민은행(PBOC)에 대한 예상치 못한 낙관론도 조우했다. 판궁성(Pan Gongsheng) 총재의 연설과 자사주 매입 지원 프로그램 발표는 시장 심리를 높였다.
블룸버그에 <a href="https://www.bloomberg.com/news/live-blog/2024-10-18/china-gdp-key-economic-indicators?sref=TBDibEcD" target="_blank" rel="noopener">따르면</a>, 국가통계국(NBS)은 올해 추가 정책 조치를 취할 여지가 &#8216;큰 여지&#8217;가 있으며 경제 회복 가능성이 &#8216;매우 높음&#8217;이라는 자신감을 표명했다. 이 통계국은 또한 외부 환경이 "점점 더 복잡하고 암울"해지고 있으며 경제 반등을 위한 기반을 더욱 확고히 해야 한다고 지적했다.
<h4 class="block core-block">GDP 데이터와 무슨 일이:</h4>
중국의 GDP는 3분기에 전년 대비 4.6% 성장하여, 로이터 조사 예상치인 4.5%를 상회했다. 성장률은 이전 분기의 4.7%보다 약간 낮았지만, 세계 2위 경제국이 최근의 어려움에도 불구하고 여전히 회복력을 유지하고 있다는 투자자들의 안심을 주었다.
GDP 데이터 외에도 산업 생산이 5.4% 증가하고 소매 판매가 3.2% 증가한 다른 지표들이 금요일 세션 동안의 낙관론을 더욱 확고히 했다.
미국에 상장된 중국 기업들을 추적하는 ETF들은 이 뉴스로 인해 급격히 상승했다. 주요 중국 기술 기업에 크게 노출된 펀드인 KraneShares CSI China Internet ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NASDAQ">KWEB</a>) 금요일 4.49% 상승 마감했다. iShares China Large-Cap ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NASDAQ">FXI</a>)와 iShares MSCI China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)도 각각 4% 이상 상승 마감했다.
알리바바에 대한 중요성:
중국 최고의 전자상거래 플랫폼 중 하나인 알리바바는 특히 소매 판매 성장에 민감하여 예상보다 나은 소매 데이터가 주식에 도움이 된다. 온라인 소매, 클라우드 컴퓨팅, 디지털 미디어 등 여러 분야에서 운영되는 이 회사는 소비자 지출이 재개됨에 따라 혜택을 볼 것이다.
9월 소매 판매가 3.2% 증가함에 따라 알리바바는 소비자 활동 증가와 다가오는 연휴 쇼핑 시즌 동안의 강한 수요를 활용할 수 있는 좋은 위치에 있다.
주가 움직임: 알리바바의 주식은 금요일 2.36% 상승한 102.43달러에 마감되었다.
JD닷컴에 대한 중요성:
중국 전자상거래 분야의 또 다른 주요 업체인 JD닷컴도 긍정적인 GDP 데이터로 인해 상승세를 경험했다. 탄탄한 물류 네트워크와 온라인 소매 부문의 지배력으로 잘 알려진 이 회사는 소매 판매 수치와도 비슷하게 연결되어 있다.
산업 생산이 5.4% 증가한 것은 JD에게 특히 중요했다. 이는 JD의 사업이 원활하고 효율적인 공급망에 의존하기 때문이다.
주가 움직임: JD닷컴의 주식은 금요일 2.91% 상승한 39.98달러에 마감되었다.
바이두에 대한 중요성:
중국에서 가장 인기 있는 검색 엔진이자 AI 회사인 바이두 역시 중국 기술주에 대한 광범위한 랠리의 일환으로 주가가 급등했다. 바이두는 중국의 전반적인 경제성장에 도움이 될 수 있는 인공지능(AI)과 자율주행 분야로 영역을 확대해 왔다.
산업 활동이 증가함에 따라 바이두의 AI 기반 기업 서비스, 클라우드 컴퓨팅 및 자율주행 사업은 증가된 수요를 예상할 수 있다. 또한 소비자 지출이 증가하면 바이두의 핵심 광고 사업에도 긍정적인 영향을 미칠 수 있다. 이는 광고 사업이 전반적인 경제 상황에 크게 의존하기 때문이다.
주가 움직임: 바이두의 주식은 금요일 2.48% 상승한 94.39달러에 마감되었다.
더 큰 그림: 중국의 긍정적인 경제 데이터는 중요한 시기에 발표되었다. 글로벌 시장은 부동산 시장 둔화와 지속적인 지정학적 긴장 속에서 중국의 경제 성장 전망에 대해 점점 더 우려하고 있었다.
주택 가격 하락에 대한 우려가 여전히 존재하지만(9월에 전년 대비 5.8% 급락), 전반적인 경제는 강세를 보이는 것 같다. 투자자들은 이 데이터를 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings" target="_blank" rel="noopener" data-google-interstitial="false">중국의 목표 지향적 부양 조치와 정부 개입</a>이 경제를 안정시킬 수 있다는 신호로 해석한다.
중국이 경제를 활성화하고 지역 부채를 해결하기 위해 <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api" target="_blank" rel="noopener" data-google-interstitial="false">8,500억 달러 규모의 특별 국채</a>를 포함한 추가 재정 조치를 고려하고 있는 것으로 알려지면서 중국 주식 시장의 지속적인 모멘텀을 위한 무대가 마련될 수 있다.
Photo: Shutterstock
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알리바바, JD닷컴 및 바이두 주식이 중국 GDP 성장과 소비자 지출 증가에 따라 상승

1주일간의 공휴일 후 화요일에 재개장한 중국 시장은 수요일에 국내 거래자들이 예상했던 추가 자금을 지원받지 못하면서 압박을 받았었다. 목요일에는 중국 인민은행(PBoC)이 국내 주식시장의 안정성을 높이기 위한 조치를 발표하면서 상황이 호전되었다.
무슨 일이 (What Happened): PBoC는 웹사이트에 발표한 성명에서 채권, 증권거래소 펀드, CSI 300 구성주 및 기타 자산을 중앙은행이 발행하는 국채 및 중앙은행 어음과 같은 고급 유동자산으로 교환하기 위해 자격을 갖춘 증권, 펀드 및 보험 회사들을 지원하는 &#8220;증권, 펀드 및 보험 회사 스왑 시설(SFISF)&#8221;을 설립하기로 결정했다고 밝혔다.
첫 단계 운영 규모는 5,000억 위안(약 707억 달러)이며, 상황에 따라 추가 확대가 가능하다고 중앙은행은 밝혔다. 자격을 갖춘 증권사, 펀드 및 보험사들로부터의 신청은 즉시 접수된다.
이 중앙은행은 이번 조치가 제20기 공산당 중앙위원회 제3차 전체회의에서 제시된 &#8220;자본 시장의 내재적 안정성을 강화하기 위한 장기 메커니즘 수립&#8221; 요구를 이행하고 자본 시장의 건강하고 안정적인 발전을 촉진하기 위한 것이라고 명확히 밝혔다.
더 보기: <a href="https://www.benzinga.com/money/best-chinese-stocks" target="_blank" rel="noopener" data-google-interstitial="false">최고의 중국 주식</a>
목요일에 발표된 이번 조치는 중앙은행이 9월 말에 발표한 유동성 증대 조치에 더해지는 것이다. 당시 중앙은행은 은행들이 보유해야 하는 지급준비율을 50bp(베이시스 포인트) 인하하여 약 1조 위안을 신규 대출에 사용할 수 있도록 한 바 있다.
중앙은행은 추가로 0.25-0.50% 포인트 더 인하할 가능성을 시사했다. 또한 7일물 환매조건부채권(Repo) 금리를 0.2% 포인트 인하하고, 중기 대출금리 약 30bp 인하 및 대출 우대 금리를 20-25bp 인하할 것이라고 밝혔다.
시장 반응: 중국 본토의 주요 시장 지표인 상하이 종합지수는 새로운 부양책 발표 후 강하게 반등했다. 지수는 3,277.69로 개장하여 이전 마감가인 3,258.86보다 소폭 상승했지만, 초기 거래에서 상승분을 반납하며 하락해 전일 종가 아래로 내려갔다.
그러나 인민은행의 발표 이후 지수는 회복되었다. 마지막 확인 시, 지수는 3,353.91에서 2.92% 상승 거래되었다.
홍콩의 항셍지수 또한 4% 이상 상승했다.
미국 상장 주식 상승: 미국에 상장된 중국 주식들이 홍콩에서 목요일 중반에 상승세를 반영하여 크게 상승했다. 상승 종목은 다음과 같다:
<ul>
<li>알리바바 그룹 홀딩 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) 4.28% 상승.</li>
<li>샤오펑 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) 9.50% 상승.</li>
<li>리 오토 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) 5.96% 상승.</li>
<li>니오 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) 6% 상승.</li>
<li>JD닷컴 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) 5.63% 상승.</li>
<li>테센트 홀딩스 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) 1.98% 상승.</li>
<li>바이두 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) 2.47% 상승.</li>
</ul>
iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)는 미국 현지에서 수요일 2.36% 하락한 51.97달러에 거래를 마감했다.
다음 읽어야 할 기사:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">중국은 일본식 &#8216;잃어버린 10년&#8217;으로 접어들 뻔했으며, 9월 말 자극 발표 이전까지는 디플레이션과 침체 상태였다고 법률 전문가는 말합니다.</a></li>
</ul>
이미지 출처: Shutterstock
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중국의 신규 부양책으로 알리바바, JD닷컴 및 샤오펑 주식 홍콩에서 급등

최근 몇 주 동안 중국 주식이 부양 정책에 힘입어 급격한 반등을 보였다. iShares MSCI China ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>)가 추적하는 MSCI China Index는 9월 24일부터 10월 7일 사이에 35% 이상 급등했다.
뱅크 오브 아메리카의 애널리스트 위니 우(Winnie Wu)와 윌리 찬(Willie Chan)이 설명한 바와 같이, 이 &#8220;빠르고 격렬한&#8221; 랠리는 전 세계 다른 주요 시장의 성과를 초과했으며, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)로 추적되는 S&amp;P 500 지수의 연초 대비 상승 폭의 두 배 이상에 달했다.
이 랠리는 중국 당국이 발표한 일련의 공격적인 통화 완화 정책과 정부의 불안정한 부동산 시장 안정화에 대한 재확약으로 촉발되었다.
<h2 class="wp-block-heading">연초 대비 성과: MSCI 차이나, S&amp;P 500 두 배 상승</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-583894" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07123344/image-41-1024x455.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07123344/image-41-1024x455.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07123344/image-41-300x133.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07123344/image-41-768x342.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07123344/image-41-1536x683.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07123344/image-41.png 1920w" alt="" width="1024" height="455" /><figcaption class="wp-element-caption">차트:<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1"> Benzinga Pro</a></figcaption></figure>
<h2 class="wp-block-heading">2조 달러 규모의 시장 급등</h2>
9월 23일부터 30일까지 MSCI China Index는 거의 2조 달러의 시장 가치를 추가했다. 주요 수혜자는 귀주 마오타이(Kweichow Moutai)와 같은 블루칩 주식들이다. 귀주 마오타이는 39% 급등하여 880억 달러의 시가총액을 추가했으며, 텐센트 홀딩스 ADR(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)은 15% 상승하여 700억 달러를 추가했다. 또한 알리바바 그룹 홀딩 – ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)는 27% 급등하여 580억 달러의 시가총액이 증가했다.
이러한 빠른 시장 상승은 투자자들 사이에서 중국 정책 당국이 경제적 도전 과제인 디플레이션 압박, 부동산 시장 침체 및 증가하는 지방 정부 부채 문제를 해결하기 위해 진지한 조치를 취하고 있다는 낙관론이 커지고 있음을 반영한다.
<h2 class="wp-block-heading">주요 부양 조치가 랠리를 촉발</h2>
이 랠리는 9월 23일부터 시작된 일련의 예상치 못한 정책 발표로 촉발되었다. 이날 중국 인민은행(PBoC)은 14일 역환매조건부채권 금리를 10bp(베이시스 포인트) 인하하여 1.85%로 조정하고, 약 106억 달러(745억 위안)를 은행 시스템에 주입하여 시장을 놀라게 했다.
다음 날, PBoC 총재인 판궁성(Pan Gongsheng)은 더 큰 조치를 발표했다. 중앙은행은 지급준비율을 50bp 인하하여 약 1,425억 달러(1조 위안)를 금융 시스템에 주입할 것이며, 7일물 환매조건부채권 금리를 20bp 인하하고, 기준 대출 우대 금리와 기존 모기지 금리를 약 50bp 인하하겠다고 약속하여, 가계 이자 지급액을 약 210억 달러(1,500억 위안) 줄일 수 있다고 밝혔다.
그 후 9월 25일에는 PBoC가 1년 만기 중기대출금리(MLF)를 30bp 인하하고, 국영은행에 자본을 주입하겠다는 재정적 약속을 발표했습니다.
마지막으로, PBoC는 상업은행에게 기존 모기지 금리를 대출 우대 금리보다 30bp 이상 낮추도록 지시했다. 이 조치는 10월 31일 이전에 시행되어야 한다.
<h2 class="wp-block-heading">중국 주식 ETF, 대규모 상승 기록</h2>
이러한 조치들은 중국 주식 ETF들이 S&amp;P 500 및 기타 글로벌 벤치마크를 상당히 초과하는 성과를 거두게 만들었다. 9월 24일부터 10월 7일 사이에 여러 중국 중심 ETF가 놀라운 상승률을 기록했다:
<ul>
<li>Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>): +52%</li>
<li>iShares MSCI China A ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNYA#NYSE">CNYA</a>): +48%</li>
<li>XTrackers Harvest CSI 300 China A-Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASHR#NYSE">ASHR</a>): +47%</li>
<li>WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXSE#NASDAQ">CXSE</a>): +43%</li>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>): +40%</li>
<li>SPDR S&amp;P China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXC#NYSE">GXC</a>): +38%</li>
<li>Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>): +36%</li>
<li>iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>): +32%</li>
</ul>
<h2 class="wp-block-heading">향후 주의사항: 조정 가능성</h2>
이번 랠리가 강력했지만, 뱅크 오브 아메리카의 애널리스트들은 주의가 필요하다고 조언했다.
애널리스트들은 &#8220;부동산 시장을 안정화하고 지방 정부 채무를 구조조정하기 위한 추가 재정적 자극과 과잉 생산/디플레이션 문제를 해결하기 위한 구조적 개혁이 필요하다&#8221;고 지적했다.
그들은 현재의 &#8220;모든 것을 사라&#8221; 단계가 긍정적인 촉매제가 더 이상 나타나지 않으면 곧 끝날 수 있다고 경고했다.
높은 베타를 가진 소비재, 부동산 및 중개 주식은 급격히 상승한 후 이익 실현의 첫 번째 대상이 될 수 있다. 그러나 애널리스트들은 장기 투자자들이 잠재적인 조정을 매수 기회로 볼 수 있다고 제안했다. 특히 대형 인터넷 주식과 고수익 국영기업(SOE) 섹터는 변동성이 적다고 평가했다.
2024년 4분기에 대해 뱅크 오브 아메리카는 인터넷(미디어, 온라인 소매), 보험 및 헬스케어(특히 생명 과학 및 생명공학) 섹터에 대해 긍정적인 전망을 유지하고 있다. 이들은 3분기 동안 강력한 성과를 보였다.
그들은 강력한 랠리 이후 중개 주식에 대해 신중하게 접근하고, 실적 하향 조정 및 매력적이지 않은 가치 평가로 인해 유틸리티(가스, 수도) 부문에 대해 하향 조정을 했다. 또한, 부동산, 자동차, 건축 자재 및 화학 부문에 대해서는 기본적인 회복이 더 오랜 시간이 걸릴 것이라고 믿고 부정적 입장을 유지하고 있다.

지금 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41208397/this-alibaba-analyst-turns-bullish-here-are-top-5-upgrades-for-monday">이 알리바바 애널리스트가 긍정적으로 전환했습니다. 월요일을 위한 상위 5개 업그레이드를 확인하세요</a></li>
</ul>
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'빠르고 격렬한 랠리'가 올해 중국 주식을 S&P 500 수익 대비 두 배 상승의 견인

벤징가(Benzinga)는 지난주 <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noopener" data-google-interstitial="false">많은 투자자들이 선호하는 주식</a>들의 전망을 조사했다. 다음은 저희의 주요 기사 몇 가지이다.
주식들은 금요일에 급등했다. 이는 새로운 데이터에 따르면 9월 비농업 고용이 254,000명 증가하였고, 실업률이 4.1%로 하락하여 4.2%에서 보합세를 유지할 것이라는 전망을 깨뜨린 결과이다.
S&amp;P 500은 주간 0.22% 상승했으며, 다우는 0.09%의 소폭 상승으로 마감했다. 나스닥은 금요일에 1% 이상의 손실로 시작했음에도 불구하고 주간 0.1% 상승하여 주목할 만한 반전을 기록했다.
원유 가격은 금요일에 다시 급등하여 거의 9%의 주간 상승률을 기록했다. 이 급등은 중동에서의 긴장이 고조된 후 발생한 것으로, 이란의 미사일 공격이 이스라엘을 겨냥한 사건이다.
중국 기술 주식들은 <a href="https://www.benzinga.com/markets/asia/24/10/41192510/labor-market-surprises-with-strength-energy-stocks-rally-on-israel-iran-tensions-chinese-tech-giants" target="_blank" rel="noopener" data-google-interstitial="false">국내 부양 조치</a>에 대한 기대감이 커지면서 iShares MSCI China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)를 통해 강력한 상승세를 보였다.
Benzinga는 투자자들에게 가장 인기 있는 주식에 대한 일일 뉴스를 제공한다. 지난주 가장 긍정적이고 부정적인 기사를 다시 살펴보겠다.
<h3 class="wp-block-heading">강세 주식</h3>
<a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noopener" data-google-interstitial="false">Ananya Gairola</a>의 <a href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav">&#8220;엔비디아의 CEO 젠슨 황은 차세대 블랙웰 GPU 플랫폼에 대한 요구가 엄청나다고 언급. &#8216;누구나 가장 많이 갖고 싶어하며, 모두가 첫 번째가 되고 싶어한다.'&#8221;</a> 기사를 바탕으로 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)의 CEO인 젠슨 황은 새로운 블랙웰(Blackwell) GPU 플랫폼에 대한 압도적인 수요를 강조하며, 이는 현재 전량 생산 중이며 투자자들이 지연에 대해 우려하고 있음에도 불구하고 상당한 매출 성장을 이끌 것으로 기대된다고 밝혔다.
<a href="https://www.benzinga.com/author/aniket-verma" target="_blank" rel="noopener" data-google-interstitial="false">Aniket Verma</a>의 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41136347/is-dogecoins-bullish-momentum-over-after-18-retreat-from-recent-highs-not-yet-say-a">&#8220;최근 최고치에서 18% 하락한 후 도지코인의 강세 모멘텀은 끝났을까? 아직은 아니다고 분석가들이 주장&#8221;</a> 기사는 도지코인(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)이 18% 하락세를 보였음에도 불구하고, 분석가들인 산티멘트(Santiment)와 알리 마르티네즈(Ali Martinez)가 고래 활동 증가와 추가 상승의 기술적 신호를 인용하며 여전히 강세 잠재력이 남아 있다고 믿고 있음을 강조했다.
<a href="https://www.benzinga.com/author/anusuya-lahiri-0" target="_blank" rel="noopener" data-google-interstitial="false">Anusuya Lahiri</a>의 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41100053/apples-iphone-16-pro-demand-correction-in-sight-analyst-highlights-delivery-trends-">&#8220;애플의 아이폰 16 프로 수요 조정 가시화: 분석가는 글로벌 시장 전반의 배송 추세를 강조&#8221;</a> 기사는 JP모건의 한 분석가가 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)의 아이폰 16 프로 모델에 대한 배송 시간이 안정세를 보이며, 주요 시장인 미국, 중국 및 유럽에서 기본 모델의 리드 타임이 완화되고 있어 수요 조정이 예상된다고 보고했다.
지난주의 추가적인 강세 의견은 다음과 같다:
<a href="https://www.benzinga.com/general/entertainment/24/10/41162458/amazon-ceo-andy-jassy-said-prime-video-will-have-meaningfully-fewer-ads-than-rivals-2-month">아마존의 CEO 앤디 제시는 프라임 비디오가 경쟁사보다 &#8216;의미있게 적은 광고&#8217;를 가질 것이라고 전망. 2개월 후에 스트리밍 거인이 더 많은 광고를 받을 것으로 알려짐</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/24/09/41096549/cisco-set-for-technical-breakout-as-golden-cross-signals-strength-analyst-predicts-stock">골든 크로스가 강세를 나타냄에 따라 시스코는 기술적 돌파구를 마련. 분석가는 주가가 &#8216;조용히&#8217; 상승할 것으로 예측</a>
<a href="https://www.benzinga.com/markets/equities/24/10/41135042/reliable-tesla-number-cruncher-forecasts-biggest-delivery-beat-in-3-years-fund-manager-says-this">신뢰할 수 있는 테슬라 넘버 크런처는 3년 만에 최대 납품 실적 예측: 펀드 매니저는 이것이 주식의 서술을 바꿀 수 있다고 언급</a>
<h3>약세 주식</h3>
<a href="https://www.benzinga.com/author/anthony-noto-0" target="_blank" rel="noopener" data-google-interstitial="false">Anthony Noto</a>의 <a href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-">&#8220;스피릿 항공 파산 소문, 비난의 대상은 바이든: 항공사 합병에 대한 과거 사례&#8221;</a> 기사는 스피릿 항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)이 어떻게 파산 협상을 진행하고 있는지 살펴보고, 비평가들은 거부된 제트블루(JetBlue) 합병을 비난하고 있다. 과거의 사례를 보면 항공 업계의 합병은 재정적 어려움에 관계없이 일자리 손실로 이어지는 경우가 많다.
<a href="https://www.benzinga.com/author/vandana-singh" target="_blank" rel="noopener" data-google-interstitial="false">Vandana Singh</a>의 <a href="https://www.benzinga.com/government/24/10/41140319/humana-faces-sharp-decline-in-medicare-star-ratings-for-2025-braces-for-2026-revenue-hit">&#8220;휴마나는 2025년 메디케어 별 등급의 급격한 하락에 직면해 2026년 수익 타격을 대비&#8221;</a>의 기사는 휴마나(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>)가 메디케어 어드밴티지 스타 등급에서 큰 하락을 예상하고 있으며, 25%의 회원만이 4성 이상으로 평가된 계획에 등록되어 있어 2026년에는 상당한 매출 손실로 이어질 수 있다고 보도했다.
<a href="https://www.benzinga.com/author/kaustubh-bagalkote" target="_blank" rel="noopener" data-google-interstitial="false">Kaustubh Bagalkot</a>의 <a href="https://www.benzinga.com/markets/equities/24/09/41086177/amazon-ceo-andy-jassy-faces-employee-revolt-over-full-time-return-to-office-mandate-73-consider-">&#8220;아마존의 CEO 앤디 제시, ​​정규직 복귀 명령에 대해 직원 반란에 직면, 73%가 사직 고려: 설문 조사&#8221;</a>의 기사는 아마존닷컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)의 CEO 앤디 제시가 2025년부터 시행되는 전면 복귀 정책에 대해 내부 반발에 직면해 있으며, 73%의 직원이 퇴사를 고려하고 있어 사기와 유지 문제에 대한 우려가 커지고 있다고 보도했다.
더 많은 부정적 전망은 다음과 같다:
<a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must">크레이머, 엔비디아·애플에서 중국으로 흘러드는 &#8216;핫머니&#8217;, &#8216;해야 한다면&#8217; 알리바바에 집중</a>
<a href="https://www.benzinga.com/markets/asia/24/09/41084907/japans-nikkei-plummets-over-2-000-points-amid-change-of-guard-while-chinese-market-extends-stimulus">일본 닛케이 지수는 총리 교체 속에 2,000포인트 넘게 급락, 중국 시장은 부양책에 힘입어 상승 지속: 아시아 시장 심리를 이끄는 요인</a>
<a href="https://www.benzinga.com/news/24/10/41114769/boeing-dips-in-pre-market-as-struggling-plane-maker-considers-raising-10b-through-stock-sale-amid-st">어려움을 겪고 있는 비행기 제조업체 보잉이 파업 중에 주식 매각을 통해 100억 달러 조달을 고려함에 따라 프리마켓에서 하락</a>
모든 최신 뉴스와 거래 아이디어를 보려면 <a href="https://twitter.com/Benzinga">Benzinga</a>를 트위터에서 팔로우하세요.
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Cryptocurrency

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$DOGE

AMZN

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SAVE

벤징가 불스 앤 베어스: 엔비디아, 애플, 아마존, 스피릿 항공사 그리고 도지코인 하락 등

바이든 행정부는 중국의 과도한 제조량 규모로부터 전략적으로 국내 산업을 더 잘 보호하기 위해 지난 5월 처음 도입된 중국산 수입품에 대한 <a href="https://www.benzinga.com/news/24/08/40643613/jd-vance-slammed-by-ex-obama-advisor-for-spewing-frustrating-lies-on-tariffs-stresses-need-for-fact" target="_blank" rel="noopener" data-google-interstitial="false">상당한 관세 인상을 확정하고 시행</a>했다고 금요일 발표했다.
미국 무역대표부(USTR)에 따르면, 중국 전기자동차(EV)에 대한 100% 관세, 태양전지에 대한 50% 관세, 철강, 알루미늄, EV 배터리 및 주요 광물에 대한 25% 관세를 포함한 많은 관세가 9월 27일부터 시행될 예정이라고 한다.
USTR의 결정에는 내년부터 시작될 중국 반도체와 태양광 패널과 실리콘 웨이퍼에 사용되는 폴리실리콘에 대한 50% 관세가 포함됐다고 로이터가 보도했다.
USTR은 리튬이온 배터리, 광물, 부품에 대해 25% 관세를 유지했다. 노트북이나 휴대폰 등 기타 모든 기기들에 대한 관세는 2026년 초부터 발효된다.
중국은 이러한 &#8220;괴롭힘&#8221; 관세 인상에 대해 보복하겠다고 약속했으며, 자국의 전기차 산업 성공은 정부 지원이 아닌 혁신 때문이라고 주장했다.
관련 기사: <a href="https://www.benzinga.com/news/24/08/40597203/xi-jinpings-mouthpiece-slams-canada-says-ottawa-is-shooting-itself-in-the-foot-with-100-tariffs-on-e">친시진핑 매체가 캐나다를 비난하며, 오타와가 전기차에 100% 관세를 부과하여 &#8216;자신의 발을 쏘고 있다&#8217;고 주장</a>
카멀라 해리스 부통령과 도널드 트럼프 전 대통령이 자동차 및 철강 생산 주들에서 캠페인을 벌이면서 미국의 관세 인상이 부과되고 있으며, 두 사람 모두 11월 대선이 다가옴에 따라 중국에 강경한 입장을 보여주기 위해 노력하고 있다.
USTR은 의료용 마스크와 수술용 장갑에 대한 관세를 25%에서 50%로 인상했지만, 구매자들이 비중국 공급자들로 전환할 기회를 가지도록 시작일을 연기했다.
중국 주사기에 대한 관세는 100%로 두 배로 인상되지만, 유아에게 먹이를 주는 데 사용되는 장내 주사기에 대해서는 1년간 임시 면제를 허용한다.
USTR은 필터링 또는 정수용 액체 기계, 산업 로봇 및 인쇄 기계를 포함한 5개 중국 산업 기계 범주에 대한 관세 면제 요청을 검토할 것이라고 밝혔다.
태양광 웨이퍼 및 셀 제조 장비에 대한 관세는 면제되지만, 전체 태양광 모듈을 만드는 장비는 면제되지 않는다.
가격 움직임: 미국에 상장된 몇몇 중국 회사들은 미 동부 시간 금요일 오후 2시 21분에 하락했습니다.
<ul>
<li>알리바바 그룹 홀딩 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)는 0.97% 하락한 $84.66에 거래되었다.</li>
<li>PDD 홀딩스 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>)는 3.06% 하락한 $94.36에 거래되었다.</li>
<li>JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)는 1.71% 하락한 $26.29에 거래되었다.</li>
</ul>
한편, 중국 상장지수펀드(ETF)는 금요일 같은 시간에 혼조세를 보였다.
<ul>
<li>IShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)는 0.22% 상승했다.</li>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)는 0.76% 하락했다.</li>
<li>IShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)는 0.43% 상승했다.</li>
</ul>
지금 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/news/24/05/38758049/biden-plans-new-tariffs-on-china-targets-electric-vehicles-and-other-strategic-sectors-report">바이든, 중국에 대한 새로운 관세 계획, 전기차 및 기타 전략적 부문 겨냥: 보고서</a></li>
</ul>
사진: Shutterstock

바이든의 중국 제품 관세 인상 발표에 알리바바, PDD 및 JD.com 주식 하락

<a href="https://www.benzinga.com/news/24/04/38197616/china-shares-us-concerns-over-overcapacity-but-disagrees-with-its-views-on-solutions" target="_blank" rel="noopener" data-google-interstitial="false">중국의 과잉 생산</a>은 서구 글로벌 시장에 값싼 중국 제품이 넘쳐나게 하여 현지 경쟁을 압도할 수 있는 위험을 내포하고 있다.
포린 어페어스(Foreign Affairs)의 <a href="https://www.foreignaffairs.com/china/chinas-real-economic-crisis" target="_blank" rel="noopener">분석</a>에 따르면, 베이징의 산업 정책은 중국이 세계가 감당할 수 있는 것 이상의 생산을 하도록 밀어붙였다고 한다. 이로 인해 중국은 &#8220;가격 하락, 지급 불능, 공장 폐쇄, 궁극적으로는 일자리 상실의 파멸의 악순환&#8221;에 빠질 위험이 있다.
재닛 옐런 미국 재무장관은 4월에 <a href="https://www.benzinga.com/news/24/04/38146989/treasury-secretary-janet-yellen-sees-flood-of-chinese-exports-wiping-out-us-green-energy-industry" target="_blank" rel="noopener" data-google-interstitial="false">이 문제를 언급</a>하며, "중국의 수출이 중요한 기업들과 산업들을 파괴할 것이라는 우려는 우리만의 문제가 아니다"라고 말했다.
그녀는 특히 녹색 에너지 산업과 같은 특정 분야가 특히 위험에 처해 있다고 언급했다. 중국의 국가 보조금이 과잉 생산을 초래하고 있으며, 이는 6월 이탈리아에서 열린 <a href="https://www.benzinga.com/news/24/06/39285975/g7-summit-in-italy-to-address-concerns-over-chinas-overproduction-and-export-controls-report" target="_blank" rel="noopener" data-google-interstitial="false">G7 회의</a>에서 크게 논의된 주제이다.
중국의 수출은 지난달에도 계속 성장했으나, 이전보다 느린 속도로 성장했다.
7월의 생산량은 전년 대비 7% 증가했지만, 6월의 8.6% 연간 성장률에는 미치지 못했다. 수출량은 기록적인 수준을 유지했으나, 수출 가격 하락이 성장 둔화의 원인으로 지목되었다.
<h2 class="wp-block-heading">중국, 엄격한 관세 극복</h2>
유럽 강국들과 미국은 <a href="https://www.benzinga.com/markets/asia/24/06/39192444/ray-dalio-warns-of-us-china-economic-sanctions-stresses-diversification" target="_blank" rel="noopener" data-google-interstitial="false">중국과의 경제적 디커플링</a>을 복잡하게 진행하고 있는 가운데, 현재까지는 중국의 수출 사업이 이 추세를 견뎌내고 있는 것으로 보인다.
지난달 유럽연합 집행위원회는 일부 중국 전기차 제조업체에 대해 최대 <a href="https://www.benzinga.com/news/24/07/39635158/eu-imposes-provisional-duties-of-as-much-as-37-6-on-chinese-ev-imports" target="_blank" rel="noopener" data-google-interstitial="false">37%</a>의 관세를 부과했으며, 이는 중국의 생산 과잉이 유럽 전기차 시장에서 불공정 경쟁을 초래하고 있다고 주장했다.
"전 세계 시장에는 이제 값싼 전기차가 넘쳐나고 있다. 그리고 그 가격은 막대한 국가 보조금에 의해 인위적으로 낮아지고 있다"고 유럽연합 집행위원장 우르줄라 폰 데어 라이엔 2023년에 관세 부과 여부를 분석하기 시작할 때 발언했다.
중국의 과잉 생산이 7월의 수출 가격 하락의 원인일 수 있다. 중국의 공장들은 현재 세계가 사용할 수 있는 것의 두 배에 해당하는 양의 태양광 패널을 생산할 수 있다.
<h2 class="wp-block-heading">미국의 중국 대응</h2>
지난주 미국 무역대표부는 <a href="https://www.benzinga.com/markets/asia/24/05/38824198/biden-announces-massive-tariffs-on-chinese-imports-to-protect-us-industries-clean-energy-solar-stock" target="_blank" rel="noopener" data-google-interstitial="false">제안된 관세</a>에 대한 모든 의견을 검토하는 데 예상보다 더 오랜 시간이 걸릴 것이라고 발표하며, 이 조치가 <a href="https://www.benzinga.com/government/24/07/40064793/biden-administrations-tariffs-on-china-made-evs-to-protect-domestic-automakers-pushed-back" target="_blank" rel="noopener" data-google-interstitial="false">당분간 지연</a>되었다고 밝혔다.
미국은 이미 중국 전기차에 높은 관세를 부과하고 있으며, 이는 중국 자동차 회사들이 미국 시장에서 성공하지 못한 이유를 설명해 준다. 5월에 바이든 대통령은 2024년에 중국 전기차에 대한 관세를 25%에서 100%로 인상할 것이라고 발표했다.
행정부는 또한 의료 용품을 포함한 다른 중국 제품들에 대해서도 관세를 인상했다.
최근의 관세와 부정적인 환경에도 불구하고, 중국에서 미국과 유럽으로의 수출은 실제로 6월과 7월 사이에 증가했다고 월스트리트저널(WSJ)이 <a href="https://www.wsj.com/economy/china-exports-growth-slows-unexpectedly-d256615b?mod=hp_major_pos2#cxrecs_s" target="_blank" rel="noopener">보도</a>했다.
중국은 여전히 2024년 5% 성장 목표를 달성하기 위해 노력하고 있다. 노령화 인구와 <a href="https://www.benzinga.com/real-estate/24/05/38643079/chinas-new-homes-market-is-in-a-state-of-freefall" target="_blank" rel="noopener" data-google-interstitial="false">심각한 부동산 위기</a>는 최근 수십 년간 COVID-19 팬데믹 전까지 중국 경제를 특징지었던 성장 회복에 대한 장애물 중 일부이다.
그럼에도 불구하고 중국의 산업화 정책이 성장 잠재력을 저해하고 있을 수 있다.
<ul>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)은 지난 5거래일간 2.1% 하락했다.</li>
<li>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)는 수요일 0.6% 상승했고, 지난 5거래일간 1.7% 하락했다.</li>
<li>iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)은 지난 5일간 거의 3% 하락했다.</li>
</ul>
사진: 셔터스톡
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Regulations

중국의 산업 과잉 생산으로 '파멸의 고리'가 발생하고 서구 시장이 위험에 직면: 분석

중국 국가통계국(NBS)에 따르면 부동산 부문은 투자와 주택 가격이 하락한 반면, 산업 생산은 5월에 5.6% 증가했다고 한다. 산업 생산은 4월보다 둔화되어 블룸버그 전망을 하회했다.
소매 판매는 예상보다 좋았지만 중국 소비자들은 여전히 ​​팬데믹 이전의 소비 습관으로 돌아가는 것을 꺼리고 있다고 블룸버그가 보도했다.
이러한 부진한 경제 시나리오는 중국 정부가 정부 지출 증가와 주택 시장을 억제하고 대출을 늘리려는 중앙 은행의 노력을 통해 5% 성장 목표를 달성하려는 노력의 일환으로 소비자 수요를 자극할 수 있다.
블룸버그에 <a href="https://www.bloomberg.com/news/articles/2024-06-17/china-industrial-output-cools-retail-spending-exceeds-forecasts?srnd=homepage-americas&amp;sref=TBDibEcD" target="_blank" rel="noopener">따르면</a> 중국 인민은행(People&#8217;s Bank of China)은 월요일 기준 금리를 10개월 연속 같은 수준으로 유지하면서 위안화를 지지하려고 노력했다. 중국 위안화는 미국 연방준비제도(연준)의 한동안 금리 인상을 유지하려는 의도로 인해 약세가 지속되었다.
중국의 5월 소매판매는 3.7%로 증가해 11월 이후 처음으로 가속화됐지만, 이는 팬데믹 이전의 일반적인 월간 성장률인 8%에 크게 못 미치는 수치이다.
지난 5월 말, 중국은 주택 수요 감소와 대외 무역 환경 약화로 기업 신뢰도가 훼손됨에 따라 모기지 규제를 완화하고 지방 정부에 미분양 주택 구입을 촉구했으며 기업들은 해외로 생산 공장 이전을 고려하게 되었다.
미국에서 거래되는 중국 상장지수펀드(ETF)는 월요일 상대적으로 변동이 없는 상태를 유지했다.
월요일 동부 시간 오후 2:19에 Krane Shares CSI China Internet ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)는 0.73% 상승했고, iShares MSCI China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)는 0.90% 올랐으며 iShares China Large-Cap ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)는 1.28% 상승했다.
이미지: 셔터스톡

중국 주택시장 침체 심화, 산업 생산은 4월에 비해 둔화, 인민은행 금리 동결

중국 기술주는 차익실현과 지정학적 불확실성으로 인해 기술적 조정에 가까워지는 등 상당한 하락세를 보이고 있다.
사건의 전말 (What Happened): 홍콩에 상장된 중국 기술주를 추적하는 항셍테크지수는 금요일 0.9%나 하락했다. 블룸버그에 <a href="https://www.bloomberg.com/news/articles/2024-05-31/chinese-technology-stocks-tumble-toward-technical-correction">따르면</a> 이러한 하락으로 인해 이 지수는 5월 20일 최고치보다 10% 이상 하락했으며 이는 기술적 조정을 나타낸다.
이번 하락의 주요 원인으로는 메이투안(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>)과 레노버 그룹(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LNVGF#OTC">LNVGF</a>)이 있다. 이 부문은 이전에 실적에 대한 낙관적인 전망에 힘입어 4월에 상승세를 보였다.
그러나 최근 알리바바 그룹 홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)과 텐센트 홀딩스(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)의 AI 서비스 가격 인하로 인해 수익성에 대한 우려가 높아졌다. 또한, G7 국가와의 지속적인 무역 긴장과 이익 추구 활동으로 인해 해당 부문은 더욱 압박을 받고 있다.
차기 이벤트까지 기다릴 필요가 없는 주식 <a href="https://www.benzinga.com/news/24/05/39033912/amid-china-threat-taiwan-faces-internal-crisis-as-thousands-protest-in-taipei-over-controversial-leg?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">중국 기업 어떻게 투자할까</a>
이러한 어려움에도 불구하고 중국 기술 기업들은 올해 전환사채 발행 자금이나 자체 자원을 활용해 적극적으로 자사 주식을 매입해 왔다.
왜 중요한가 (Why It Matters): 중국 기술주의 하락은 단독으로 발생하는 것이 아니다. 여러 지정학적 요인이 이러한 하락에 기여하고 있다. 지난 금요일, 중국은 국가 안보 문제를 이유로 항공 및 우주항공 장비에 대한 수출 통제를 강화했다. 이러한 움직임은 미국이 중국 기술 기업에 대해 지속적인 <a href="https://www.benzinga.com/news/24/05/39104542/china-cites-national-security-as-it-tightens-export-controls-on-aviation-and-aerospace-equipment-ami">제재</a>를 가하는 가운데 이루어졌다.
이번 주 초 분석가들은 PDD 홀딩스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) 및 알리바바 그룹과 같은 회사들에 영향을 미치는 선거 위험과 잠재적 관세를 강조했다. 이러한 지정학적 문제로 인해 많은 분석가들이 해당 기업들에 0 또는 심지어 부정적인 <a href="https://www.benzinga.com/markets/equities/24/05/39033729/election-risks-and-potential-tariffs-among-other-geo-political-issues-impacting-temus-parent-pdd">가치를</a> 부여하게 되었다.
이와 함께 중국은 반도체 산업 육성을 위한 노력을 강화하고 있다. 월요일, 중국은 글로벌 칩 전쟁 중에 반도체 부문을 지원하기 위해 475억 달러의 <a href="https://www.benzinga.com/markets/asia/24/05/39025251/china-launches-47-5b-state-fund-to-bolster-semiconductor-industry-amid-global-chip-war">국책 기금</a>을 출시했다. 이러한 움직임은 특히 미국과 그 동맹국들의 외국 기술에 대한 의존도를 줄이는 것을 목표로 한다.
더욱이 중국은 <a href="https://www.benzinga.com/markets/asia/24/05/39029234/china-a-lost-market-for-nvidia-amd-the-asian-superpower-reportedly-sets-up-biggest-semiconductor-fun" target="_blank" rel="noopener">고급 칩 제조 역량</a>을 육성하기 위해 최대 규모의 반도체 펀드를 조성하고 있으며, 이로 인해 엔비디아 및 어드밴스드 마이크로 디바이시스와 같은 미국 기업들의 시장 접근성이 낮아질 가능성이 있다.
투자자들은 중국의 성장 궤도에 대한 노출을 제공하는 ETF로 포트폴리오를 다양화함으로써 중국의 발전을 활용할 수 있다. KraneShares CSI China Internet ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), iShares MSCI China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), iShares China Large-Cap ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>)와 같은 ETF는 중국의 급성장하는 인터넷 부문과 대형 기업에 대한 다양한 노출을 제공하여 매력적인 투자 기회를 제시한다.
이미지 제공: 셔터스톡 (Shutterstock)
이 기사는 <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a>를 사용하여 <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>가 편집했습니다.

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