Alibaba Group Holding Limited (NYSE: BABA) and Chinese peer stocks are trading lower Thursday after a government report exhibited manufacturing in mainland China contracted for a third month in June, underlining concerns about the lack of significant policy stimulus. Prices also weakened as prominent global central bankers said more tightening might be needed to contain inflation, SCMP reports. Chinese ETFs, including IShares China Large-Cap ETF (NYSE: FXI) and KraneShares Trust KraneShares CSI
Chinese ETFs draw options bulls on hopes of a rebound streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
NEW YORK (Reuters) - Options on several U.S.-listed Chinese exchange traded funds have drawn bullish flows in recent days as some traders take advantage of a slump in bullish sentiment on Chinese companies to place contrarian upside bets.