China Cuts Bank Reserve Requirements, But Chinese Stocks Drop As Beijing Locks Down Following Latest COVID-19 Outbreak – iShares China Large-Cap ETF (ARCA:FXI)

Kizzy D. Blount

The iShares China Large-Cap ETF FXI traded lower by another 1.7% on Friday as headlines about COVID-19 lockdowns in Beijing overshadowed China’s loosening of bank reserve requirements. What Happened? Large areas of Beijing were reportedly in a seven-day lockdown on Friday after the city reported more than 1,800 new COVID-19 […]