ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. China Insights Channel
  2. A Guide to China’s Current Markets
China Insights Channel
Share

A Guide to China’s Current Markets

Karrie GordonApr 26, 2022
2022-04-26

Beijing is experiencing a rash of panic buying by residents as fears of a COVID-related lockdown akin to Shanghai’s current lockdown shake China’s capital, reports Financial Times. Fears of a second major city under lockdown due to China’s zero-tolerance policy have sent shares tumbling and have had broader impacts on global markets.

Health officials ordered lockdowns of several neighborhoods as well as mass testing in Beijing on Monday as Omicron transmission chains were tracked back through parts of the city’s communities. Shanghai continues its weeks-long lockdown with 19,000 new cases and 51 deaths reported on Sunday, a record high for reported fatalities in China.

Mainland China’s CSI 300 had its single largest one-day drop since February 2020 as investors both within China and overseas sold stocks. The Hang Seng Index and Hang Seng Tech Index closed down on Monday, with all sectors ending in the red but value sectors losing the least. The Hang Seng Index closed at 19,869, triggering the liquidation mechanisms that occur for products that had a redemption at 20,000 and further exacerbating the sell-off, explains KraneShares in the China Last Night blog.

The impacts of the tumble of China’s markets and economic fears been broad-ranging: China is the biggest global importer of oil, and as news of the possibility of a Beijing lockdown reached international markets, Brent crude fell 6% to $100.21 per barrel.

“As in previous times when markets have cracked, a lot of headwinds are coming together, although the China situation looks like the big catalyst today,” Neil Birrell, chief investment officer at Premier Miton Investors, told FT. “It is hard to find good news anywhere and I can find good reasons to be negative on almost every asset class.”

Fears of further slippage of China’s currency against the U.S. dollar have prompted the People’s Bank of China (the central bank in China) to cut the foreign currencies that banks keep as reserves, essentially throwing a brake on CNY’s depreciation.

“Neither the PBOC’s comments over the weekend on more policy support nor a South China Morning Post article on the US and China closing in on a Holding Foreign Companies Accountable Act solution could stabilize markets,” KraneShares writes.

For more news, information, and strategy, visit the China Insights Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X