Key Players in the Market: Gains from Iqiyi and Qifu Technology
On Wednesday, the iShares MSCI China ETF is leading the pack of exchange-traded funds (ETFs) with an impressive gain of about 2.5%. Notably strong performers within this ETF include Iqiyi, whose shares have surged by approximately 9.3%, and Qifu Technology, which has seen an increase of about 5.3%.
Invesco Semiconductors ETF Faces Challenges
In contrast, the Invesco Semiconductors ETF is struggling today, down about 2.7% in afternoon trading. Among its underperforming stocks, Alpha and Omega Semiconductor has dropped by roughly 10.4%, while Astera Labs has decreased by around 6.9%.
VIDEO: Wednesday’s ETF Movers: MCHI, PSI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
