Exchange-traded funds with exposure to the Chinese Internet behemoths Alibaba Group Holding Ltd. and Baidu Inc. are falling after President Donald Trump praised tariffs on technology from China.
The $3.4 billion iShares MSCI China ETF, or MCHI, was down 1.5 percent Thursday and the $1.2 billion KraneShares CSI China Internet Fund, or KWEB, dropped 1.2 percent. Both funds saw trading spikes, with volume at about twice the 20-day average for this time of day.
