Positive Momentum: iShares China Large-Cap ETF (FXI) Climbs Over 2%
NEW YORK, USA – The iShares China Large-Cap ETF (NYSEARCA: FXI), a widely tracked fund representing major Chinese companies, registered notable gains during midday trading on Tuesday.
As of 12:28:41 PM Eastern Time (UTC-4) on April 11th, FXI was trading at 0.72 for the day so far.
This performance places the ETF significantly above its previous closing price of $31.56. The intraday chart illustrates that FXI gapped up at the market open, hitting an early high near $32.45. While it saw some fluctuation and consolidation throughout the morning, dipping closer to the $32.00 mark, it has since resumed an upward trend into the afternoon session.
The positive movement in FXI suggests increased investor confidence or buying interest in large-capitalization Chinese equities listed on the NYSE Arca exchange during Tuesday’s trading.
