China A-Share ETFs Fail to Hold Gains in Volatile U.S. Trading
- Funds almost erase rallies of as much as 5.2% in final hour
- Investors are concerned what will happen overnight in China
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Chinese exchange-traded funds almost erased rallies in New York, indicating that policy makers’ latest efforts to stimulate the economy may not be enough to appease investors who are dumping mainland stocks at the fastest pace in almost two decades.
The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF pared an earlier advance of 5.2 percent, rising 0.1 percent to $30.13. The Market Vectors ChinaAMC A-Share ETF increased 0.7 percent to $37.81 after gaining as much as 4.7 percent. Stock-index futures had indicated before trading closed that the local market would rebound.