The KraneShares CSI China Internet ETF (KWEB) plunged 5.05% in pre-market trading on Monday, as U.S.-listed Chinese stocks followed a steep decline in domestic markets amid uncertainty over the government's plans for economic stimulus.
Investors stepped back from Chinese equities after the finance ministry announced on Saturday that it would increase borrowing but provided no details on the timing or size of the stimulus measures. This lack of clarity disappointed some investors who were hoping for more concrete steps to boost the slowing economy.
According to reports, China may raise an additional 6 trillion yuan ($850 billion) over three years to fund fiscal stimulus. However, analysts polled by Reuters expect China's GDP growth to miss the government's target in 2024, expanding by only 4.8%.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。