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.
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.