KraneShares CSI China Internet ETF Surges While iShares U.S. Consumer Staples ETF Declines

Strong Performance from Chinese Tech Stocks Boosts KraneShares ETF

On Tuesday, the KraneShares CSI China Internet ETF led the market with a remarkable increase of approximately 4.6%. Key contributors to this gain were Iqiyi, whose shares rose by 9.1%, and PDD Holdings, which saw an 8.2% rise.

Struggles for Consumer Staples Sector as iShares ETF Falls

In contrast, the iShares U.S. Consumer Staples ETF struggled on the same day, experiencing a decline of around 1.1%. Within this ETF, Bellring Brands and Ingredion faced notable losses, dropping by 6.8% and 6.7%, respectively.

VIDEO: Tuesday’s ETF Movers: KWEB, IYK

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