Economics
China A-Share ETF Drops in New York on Economic Data After Rally
- China's GDP posts weakest quarterly expansion since 2009
- JD.com rises after China's retail sales beat estimates
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The largest U.S. exchange-traded fund tracking A shares fell, retreating from a two-month high, as investors weighed data showing the weakest expansion in China’s economy since 2009 during the third quarter.
The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF declined 1.7 percent to $35.59 at the close in New York. Traders added $70 million to the fund in the five days through Oct. 16, the biggest inflow in six weeks, according to data compiled by Bloomberg. The Shanghai Composite Index slid earlier on Monday from an eight-week high.