Communication Services ETF Surges as Alphabet Shares Shine

iShares MSCI China ETF Faces Struggles Amid Significant Losses

On Tuesday, the Communication Services Select Sector SPDR Fund ETF saw impressive gains, rising approximately 1.6%. A standout performer within this fund was Alphabet, whose shares climbed about 4.9% during the trading session.

In contrast, the iShares MSCI China ETF struggled, dropping around 4.4% in afternoon trading. Notably, some of its components underperformed significantly, with Kanzhun’s shares falling about 8.6% and Legend Biotech’s shares decreasing approximately 8.1% on the same day.

VIDEO: Tuesday’s ETF Movers: XLC, MCHI

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