Ishares MCSI China: The Sleeping Giants last push
As you may know, Chinese markets have recently surged following the announcement of a massive 7.5 trillion yuan ($1.07 trillion) stimulus package, equating to roughly 6% of China’s GDP. This package aims to revitalize its struggling economy and promote new growth. Following the news, the Hang Seng Index broke out from a value of 17,369 to an impressive 20,689—a remarkable 25% increase in less than six months.
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