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The iShares MSCI China Multisector Tech ETF (TCHI) experienced unusually high trading volume on Tuesday, with over 93,000 shares traded compared to the three-month average of about 29,000. The ETF’s shares were down approximately 3.3% for the day.
Among TCHI’s components, PDD Holdings recorded over 2.6 million shares traded and was down about 0.5%, while Tencent Music Entertainment Group saw over 2.4 million shares change hands and was down about 1.9%. Autohome was the best performer, gaining about 0.6%, whereas Vipshop Holdings declined by around 2.9%.
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