Related: White House Economic Advisor on Jobs Report: Don’t Pay “Any Attention to It”
Parity with Chinese Equities
As the Dow Jones Industrial Average fell as much as 200 points on Friday, Chinese equities were also feeling the pangs of a possible global economic slowdown. Declines could also be seen in the largest China ETFs based on assets under management, such as the iShares China Large-Cap ETF (NYSEArca: FXI) and the iShares MSCI China ETF (NasdaqGM: MCHI).
FXI fell almost 2 percent and MCHI retreated 2.14 percent following the latest jobs report. Despite this, however, both ETFs have been stellar performers thus far this year with FXI up 11.64 percent year-to-date, while MCHI is up 15.37 percent.
As for Chinese equities in general, their strength thus far this year is evident in the CSI 300 Shanghai Shenzhen, which is up 19.08 percent YTD. Of course, more gains could be on the way should a U.S.-China trade deal materialize in the forthcoming days.
For more market trends, visit ETF Trends.
