La vendita allo scoperto per iShares China Large-Cap ETF dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di iShares China Large-Cap ETF. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

iShares China Large-Cap ETF (ARCA:FXI), Report sulle vendite allo scoperto

iShares China Large-Cap ETF

Consumer Cyclical

Financial Services

Communication Services

Energy

Technology

Real Estate

Industrials

Basic Materials

Consumer Defensive

Healthcare

Utilities

Other

The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The index designed to measure the performance of the largest companies in the Chinese equity market that trade on the Stock Exchange of Hong Kong (SEHK) and are available to international investors, as determined by FTSE International Limited (the index provider or FTSE). The fund is non-diversified.

Tencent Holdings Limited

Meituan Dianping

ISHARES CHINA LARGE CAP ETF

Chinese tech giants Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) all gained early Friday, driven by stronger-than-expected <a href="https://www.benzinga.com/news/24/10/41399129/why-us-listed-china-etfs-are-gaining-up-to-6-in-fridays-premarket">GDP figures from China.</a>
The upbeat economic data has invigorated market sentiment, pushing U.S.-listed Chinese stocks higher and contributing to a rally in China-based exchange-traded funds (ETFs).
Additionally, per a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-18/china-s-further-slowdown-highlights-urgency-for-more-stimulus">report </a>early Friday, markets also found unexpected optimism in the People's Bank of China (PBOC). A speech from Governor Pan Gongsheng, along with the announcement of a support program for share buybacks, lifted market sentiment.
The National Bureau of Statistics expressed confidence that there is "large room" for further policy action this year, with a "very likely" chance of economic recovery, <a href="https://www.bloomberg.com/news/live-blog/2024-10-18/china-gdp-key-economic-indicators?sref=TBDibEcD">according </a>to Bloomberg. The bureau also noted that the external environment is &#8220;increasingly complex and grim&#8221; and the economy's foundation for a rebound needs to be further solidified. 
What Happened With GDP Data: China&#8217;s GDP expanded by 4.6% year-over-year in the third quarter, beating a Reuters poll forecast of 4.5%. Although the growth was marginally below the previous quarter's figure of 4.7%, it reassured investors that the world&#8217;s second-largest economy remains resilient despite recent challenges.
Alongside the GDP data, other indicators such as a 5.4% rise in industrial output and a 3.2% increase in retail sales further solidified optimism during Friday&#8217;s session.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api">As China&#8217;s Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt</a>
U.S.-listed ETFs tracking Chinese companies saw a sharp rise on the news. The KraneShares CSI China Internet ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NASDAQ">KWEB</a>), a fund heavily exposed to major Chinese tech firms, gained 4.5% early Friday. The iShares China Large-Cap ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NASDAQ">FXI</a>) and iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) also gained 4% each as investors looked to capitalize on the promising data.
Why This Matters For Alibaba: Alibaba, one of China's leading e-commerce platforms, is particularly sensitive to retail sales growth, making the better-than-expected retail data a boon for its stock. The company, which operates across multiple segments including online retail, cloud computing and digital media, stands to benefit from renewed consumer spending. 
With retail sales up by 3.2% in September, Alibaba is poised to capitalize on increased consumer activity and potentially stronger demand during the upcoming holiday shopping season.
Why This Matters For JD.com: JD.com, another key player in the Chinese e-commerce space, also experienced a boost from the positive GDP data. The company, known for its robust logistics network and dominance in online retail, is similarly tied to retail sales figures.
The industrial output increase of 5.4% was particularly relevant for JD, as its business relies on a smooth and efficient supply chain to meet growing demand.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a>
Why This Matters For Baidu: Baidu, China's most popular search engine and AI company, also saw its shares jump as part of the broader rally in Chinese tech stocks. Baidu has been expanding its reach into artificial intelligence and autonomous driving, areas that could benefit from China&#8217;s overall economic growth. 
As industrial activity rises, Baidu&#8217;s AI-driven enterprise services, cloud computing and autonomous driving ventures are expected to see increased demand. Moreover, improvements in consumer spending could boost Baidu's core advertising business, which is highly reliant on the health of the broader economy.
The Bigger Picture: China&#8217;s positive economic data arrives at a crucial time. Global markets have been increasingly concerned about the country's growth prospects amid a slowing property market and ongoing geopolitical tensions.
While concerns over declining house prices remain – with a sharper 5.8% drop year-over-year in September – the broader economy appears to be gaining strength. Investors interpret this data as a sign that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings" target="_blank" rel="noopener">China's targeted stimulus measures and government interventions</a> may stabilize the economy.
With Beijing reportedly considering further fiscal measures, including an <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api">$850 billion special treasury bond</a> to stimulate the economy and tackle local debt, the stage may be set for continued momentum in China's stock market.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41314387/most-widely-hated-bull-market-reaches-2-year-milestone-top-20-s-p-500-stocks-drivin" target="_blank" rel="noreferrer noopener">‘Most Widely Hated' Bull Market Reaches 2-Year Milestone: Top 20 S&amp;P 500 Stocks Driving The Rally</a></li>
</ul>
Photo: Shutterstock

Asia

News

Econ #s

BABA

BIDU

KWEB

MCHI

Alibaba, JD.com, Baidu Stocks Climb On Strong China GDP Growth, Rising Consumer Spending

Macro Economic Events

Market Summary

Economics

General

NFLX

Benzinga Market Summary: CVS Falls On CEO Change And Weak Prelim. Q3 Outlook, Netflix Beats Estimates, Chinese Stocks Rise On Upbeat Economic Data

China&#8217;s stronger-than-expected GDP figures for the third quarter have led to a notable surge in U.S.-listed China-based ETFs during pre-market trading. This economic data has provided a boost to several key ETFs.
What Happened: China-based U.S.-listed ETFs experienced a significant uptick in pre-market trading following the release of robust<a href="https://www.benzinga.com/markets/asia/24/10/41398004/why-are-alibaba-nio-jd-com-and-other-us-listed-chinese-stocks-surging-today"> GDP figures from China.</a> According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) rose by 6.06%, while the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) increased by 4.93%. The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) also climbed 5.15%, with the KraneShares CSI Internet China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) again up by 6.06%.
China&#8217;s GDP grew by <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">4.6% year-over-year </a>in the third quarter, surpassing the 4.7% prediction of Reuters poll. However, this growth was slightly below the 4.7% recorded in the previous quarter, marking the slowest pace since mid-last year and moving further from Beijing&#8217;s 5% annual target.
See Also: <a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As China&#8217;s Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt</a>
Retail sales in September increased by 3.2% year-on-year, exceeding forecasts, while industrial output rose by 5.4%, also beating expectations. Despite these positive indicators, house prices fell by 5.8% year-over-year in September, a larger decline compared to August&#8217;s 5.3% drop. Meanwhile, the CSI 300 index in Mainland China surged 3.62% to close at 3,925.23, after reaching an intraday high of 5.5%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41320277/oil-prices-drop-2-as-opec-cuts-forecast-irans-output-rises-analyst-says-netanyahu-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oil Prices Drop 2% As OPEC Cuts Forecast, Iran&#8217;s Output Rises: Analyst Says Netanyahu May Doubt US Commitment To &#8216;Restricting Iranian Exports&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Pre-Market Outlook

Markets

ETFs

Why US-Listed China ETFs Are Gaining Up To 6% In Friday's Premarket

On Thursday, Oct. 17, U.S. markets closed mixed, with the Dow reaching a record high, fueled by strong retail sales and Taiwan Semiconductor&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) upbeat earnings forecast, which lifted chip stocks. Meanwhile, the S&amp;P 500 and Nasdaq were nearly flat. Gold surged to a record high amid U.S. election uncertainties, while robust economic data sustained market optimism despite mixed quarterly earnings.
Related: <a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/24/10/41383732/stock-of-the-day-taiwan-semiconductor-breaks-out-as-buyers-push-prices-higher" rel="noreferrer noopener">Stock Of The Day: Taiwan Semiconductor Breaks Out As Buyers Push Prices Higher</a>
According to economic data, U.S. initial jobless claims fell by 19,000 for the week ending Oct. 12. Retail sales rose by 0.4% in September, surpassing market estimates, while the Philadelphia Fed Manufacturing Index increased to 10.3 in October, exceeding expectations.
Most S&amp;P 500 sectors declined, with utilities, real estate, and communication services leading the losses. However, energy and information technology stocks outperformed, closing the session higher.
The Dow Jones Industrial Average gained 0.37% and closed at 43,239.05. The S&amp;P 500 ended the day lower by 0.02% at 5,841.47, while the Nasdaq Composite rose 0.04%, finishing the session at 18,373.61.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed higher by 0.11% at 38,987.50, led by gains in the Power, Banking and Rubber sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.87% and ended the day at 8,283.20, led by losses in the Utilities, A-REITs and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded higher by 0.38% at 24,845.75 and Nifty 500 was up 0.24% at 23,430.35.</li>
<li>China&#8217;s Shanghai Composite rose 2.91% to close at 3,261.56, while the Shenzhen CSI 300 gained 3.62%, finishing the day at 3,925.23.</li>
<li>Hong Kong&#8217;s Hang Seng gained 3.61% and closed the session at 20,804.11.</li>
<li>Chinese shares rose as Q3 GDP growth met expectations, with the economy expanding 4.6% year-on-year, slightly below Beijing&#8217;s 5% annual target and down from the previous quarter. Industrial production and retail sales exceeded forecasts in September, and unemployment dropped to 5.1%.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.63%.</li>
<li>Germany&#8217;s DAX gained 0.15%.</li>
<li>France&#8217;s CAC rose 0.58%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.28%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.41% at $70.38/bbl, and Brent was down 0.43% at $74.12/bbl.</li>
<li>Oil futures steadied after U.S. crude and fuel inventories fell, and China announced more fiscal stimulus. Despite a slight rise in Brent and WTI prices, both are set for their largest weekly drop since early September, with ongoing concerns about global demand.</li>
<li>Natural Gas was up 0.09% at $2.349.</li>
<li>Gold was trading higher by 0.74% at $2,727.45, Silver rose 1.64% to $32.295, and Copper gained 1.03% to $4.3700.</li>
<li>Gold reached a new all-time high, surpassing $2,700 for the first time, as investors sought safe-haven assets amid ongoing geopolitical tensions in the Middle East and uncertainty surrounding the upcoming U.S. presidential election.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were up 0.03%, S&amp;P 500 futures gained 0.13%, and Nasdaq 100 Futures rose 0.29%.
Forex at 06.00 AM ET
The U.S. dollar index slid 0.16% to 103.66, the USD/JPY was down 0.21% to 149.88, and the USD/AUD fell 0.19% to 1.4903.
Photo by Pavel Bobrovskiy via Shutterstock

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Gold Surges Past $2,700 To Record High; Asia And Europe Markets In Green - Global Markets Today While US Slept

<a href="https://www.reuters.com/technology/apples-new-iphone-sales-china-jump-20-first-3-weeks-counterpoint-says-2024-10-18/" title="https://www.reuters.com/technology/apples-new-iphone-sales-china-jump-20-first-3-weeks-counterpoint-says-2024-10-18/">https://www.reuters.com/technology/apples-new-iphone-sales-china-jump-20-first-3-weeks-counterpoint-says-2024-10-18/</a>

Tech

AAPL

Reported Earlier, Apple's New iPhone Sales In China Rose 20% In First 3 Weeks

Reported Earlier, Chinese Unemployment Rate For September 5.1% Vs. 5.3% Est.; 5.3% Prior

Reported Earlier, China Industrial Production Year to Date (YoY) For September 5.8% Vs. 5.8% Prior

Reported Earlier, China Industrial Production (YoY) For September 5.4% Vs. 4.6% Est.; 4.5% Prior

Reported Earlier, China Gross Domestic Product (GDP) Year to Date (YoY) For Q3 4.8% Vs. 5.0% Prior

Reported Earlier, China Gross Domestic Product (YoY) For Q3 4.6% Vs. 4.6% Est.; 4.7% Prior

Reported Earlier, China Gross Domestic Product (QoQ) For Q3 0.9% Vs. 1.0% Est.; 0.7% Prior

Reported Earlier, China Fixed Asset Investment (YoY) For September 3.4% Vs. 3.3% Est.; 3.4% Prior

White House Economic Adviser Singh Says Data Shows China Using Its Market Power To Gain Economic And Geopolitical Leverage; We Are Seeing Unrivaled Level And Rate Of Growth In China's Subsidies

On Wednesday, October 16th, U.S. markets closed higher, with the Dow Jones Industrial Average hitting a record high, closing above 43,000 points. Gains in small-caps and financial stocks, led by strong earnings from Morgan Stanley, offset declines in mega-cap tech shares. The S&amp;P 500 and Nasdaq also rose.
According to economic data, U.S. export prices declined by 0.7% month-over-month, surpassing market expectations of a drop of 0.4%, and import prices fell by 0.4% compared to the previous month.
Most sectors on the S&amp;P 500 ended higher, with utilities, financials, and real estate stocks leading the gains, while communication services and consumer staples stocks declined.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Dow Jones Industrial Average gained 0.79% and closed at 43,077.70. The S&amp;P 500 ended the day higher by 0.47% at 5,842.47, and the Nasdaq Composite rose 0.28%, finishing the session at 18,367.08.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed lower by 0.65% at 38,945.50, led by losses in the Precision Instruments, Electrical/Machinery, and Machinery sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.86% and ended the day at 8,355.90, led by gains in the Gold, Industrials and Financials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.88% at 24,750.75, and the Nifty 500 was down 1.25% at 23,376.55.</li>
<li>China&#8217;s Shanghai Composite fell 1.05% to close at 3,169.38, while the Shenzhen CSI 300 declined 1.13%, finishing the day at 3,788.22.</li>
<li>Hong Kong&#8217;s Hang Seng slid 1.02% and closed the session at 20,079.10.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.73%.</li>
<li>Germany&#8217;s DAX gained 0.63%.</li>
<li>France&#8217;s CAC rose 1.08%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.36%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.48% at $70.74/bbl, and Brent was up 0.49% at $74.57/bbl.</li>
<li>Oil prices remained steady as investors awaited developments in the Middle East, U.S. oil inventory data, and China&#8217;s stimulus plans. Uncertainty over potential conflict-related supply disruptions continues.</li>
<li>Natural Gas was down 0.21% at $2.362.</li>
<li>Gold was trading up 0.15% at $2,695.60, Silver slid 0.60% to $31.788, and Copper declined 1.33% to $4.3090.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were up 0.09%, S&amp;P 500 futures gained 0.41%, and Nasdaq 100 Futures rose 0.69%.
Forex at 06.00 AM ET
The U.S. dollar index slid 0.03% to 103.56, the USD/JPY was down 0.02% to 149.59, and the USD/AUD fell 0.39% to 1.4943.
Photo by Pavel Bobrovskiy via Shutterstock

BOIL

Asia Down, Europe Gains; Crude Oil Steady As Investors Eye Middle East Developments - Global Markets Today While Us Slept

Macro Notification

INTC

NVDA

QCOM

Key Lawmakers Push To Cut Off Huawei Vendors From US Chip Gear

On Tuesday, October 15th, U.S. markets closed lower, with the Nasdaq dropping 1% as chip stocks, including Nvidia and ASML, fell on demand concerns. The energy sector also declined as oil prices slid. Earnings results were mixed, with financials outperforming while healthcare disappointed.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41341168/chipmaker-stocks-sink-on-asml-earnings-leak-oil-eyes-worst-1-day-drop-this-year-small-caps-rally" rel="noreferrer noopener">Chipmaker Stocks Sink On ASML Earnings Leak, Oil Eyes Worst 1-Day Drop This Year, Small Caps Rally: What&#8217;s Driving Markets Tuesday?</a>
In economic data, the NY Empire State Manufacturing Index dropped to -11.9 in October, down from 11.5 in the prior month, exceeding market expectations of 3.8.
Most S&amp;P 500 sectors closed lower, with technology, energy, and healthcare leading losses, while real estate and consumer staples finished higher.
The Dow Jones Industrial Average declined 0.75% and closed at 42,740.42. The S&amp;P 500 ended the day lower by 0.76% at 5,815.26, and the Nasdaq Composite fell 1.01%, finishing the session at 18,315.59.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 closed lower by 1.87% at 39,201.50, led by losses in the Communication, Power, and Automobiles and parts sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.41% and ended the day at 8,284.70, led by losses in the IT, Utilities and Consumer Staples sectors.</li>
<li>India&#8217;s Nifty 50 was trading lower by 0.31% at 24,980.60, and the Nifty 500 was down 0.26% at 23,669.50.</li>
<li>China&#8217;s Shanghai Composite rose 0.05% to close at 3,202.95, while the Shenzhen CSI 300 declined 0.63%, finishing the day at 3,831.59.</li>
<li>Hong Kong&#8217;s Hang Seng slid 0.16% and closed the session at 20,286.85.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was down 0.66%.</li>
<li>Germany&#8217;s DAX declined 0.53%.</li>
<li>France&#8217;s CAC fell 0.47%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.66%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.06% at $70.63/bbl, and Brent was up 0.04% at $74.28/bbl.</li>
<li>Oil steadied, supported by OPEC+ cuts and uncertainty over the Middle East conflict, after demand concerns caused a sharp drop. Ongoing supply cuts and conflict risks keep the market tense.</li>
<li>Natural Gas was down 0.32% at $2.490.</li>
<li>Gold was trading up 0.68% at $2,696.95, Silver rose 1.04% to $32.100, and Copper gained 1.10% to $4.3855.</li>
</ul>
US Futures at 05.45 AM ET
Dow futures were down 0.04%, S&amp;P 500 futures gained 0.03%, and Nasdaq 100 Futures rose 0.12%.
Forex at 05.45 AM ET
The U.S. Dollar Index slid 0.01% to 103.25, USD/JPY was up 0.07% at 149.30, and USD/AUD gained 0.21% to 1.4948.
Photo by Pavel Bobrovskiy via Shutterstock

Asia And Europe Markets In Red; Oil Recovers Slightly, Gold Nears $2,700 - Global Markets Today While US Slept

Reuters Reported China Cybersecurity Association: Recommend Initiating Cybersecurity Review Of Intel Products Sold In China

ASML

SPDR Dow Jones Industrial Average ETF Trust

SCHW

Benzinga Market Summary: Indexes Fall Amid Weakness In Chip Stocks And Health Insurers, Schwab Surges After Client Assets Increase 27%, China Stocks Fall On Weak Exports And Continued Stimulus Uncertainty

On Monday, October 14th, U.S. markets closed higher as the S&amp;P 500 and Dow reached new record highs. Semiconductors led the rally, with Arm Holdings and Nvidia rising.
Despite lower trading volume due to a federal holiday, the market gained momentum from positive third-quarter earnings reports from major banks.
Most S&amp;P 500 sectors closed higher, led by gains in tech, real estate, and utilities, while energy stocks declined.
The Dow Jones Industrial Average gained 0.47% and closed at 43,065.22. The S&amp;P 500 ended the day higher by 0.77% at 5,859.85, and the Nasdaq Composite rose 0.87%, finishing the session at 18,502.69.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed higher by 0.87% at 39,950.50, led by gains in the Shipbuilding, Retail, and Transportation Equipment sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.79% and ended the day at 8,318.40, led by gains in the Financials, Gold, and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 was trading lower by 0.30% at 25,053.05, while the Nifty 500 was up 0.04% at 23,737.20.</li>
<li>China&#8217;s Shanghai Composite fell 2.53% to close at 3,201.29, and the Shenzhen CSI 300 declined 2.66%, finishing the day at 3,855.99.</li>
<li>Hong Kong&#8217;s Hang Seng slid 3.67% and closed the session at 20,318.79.</li>
<li>China plans to raise 6 trillion yuan ($850 billion) through special bonds to stimulate its economy, but investor sentiment remains muted. Despite hopes for near-term growth stabilization, concerns persist over long-term challenges, including weak consumption and trade tensions.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was down 0.37%.</li>
<li>Germany&#8217;s DAX gained 0.31%.</li>
<li>France&#8217;s CAC fell 0.73%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.36%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 5.13% at $70.04/bbl, and Brent was down 4.97% at $73.61/bbl.</li>
<li>Oil prices dropped to a near two-week low, driven by a weaker demand outlook and reports that Israel may avoid striking Iranian oil facilities, easing fears of supply disruptions.</li>
<li>Natural Gas was down 1.36% at $2.460.</li>
<li>Gold was trading up 0.23% at $2,671.85, Silver rose 0226% to $31.382, and Copper declined 1.32% to $4.3477.</li>
</ul>
U.S. Futures at 05.45 AM ET
Dow futures were up 0.12%, S&amp;P 500 futures declined 0.06%, and Nasdaq 100 Futures fell 0.18%.
Forex at 05.45 AM ET
<ul>
<li>The U.S. dollar index slid 0.19% to 103.10, the USD/JPY was down 0.59% to 148.87, and the USD/AUD gained 0.15% to 1.4892.</li>
<li>The U.S. dollar stayed near $103, driven by expectations of slower Federal Reserve rate cuts. Resilient economic data and higher-than-expected inflation led traders to reduce their bets on aggressive cuts.</li>
</ul>
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Crude Oil Drops 5% On Demand Concerns, Asia And Europe Markets Mixed - Global Markets Today While US Slept

China is reportedly considering issuing 6 trillion yuan, approximately $850 billion, in ultra-long special treasury bonds over the next three years. This potential move aims to bolster the nation&#8217;s slowing economy through fiscal stimulus.
What Happened: Sources indicate that the funds from these bonds will be partially used to help local governments manage their hidden debts. This speculation follows the Ministry of Finance&#8217;s announcement to address local government debt pressures, although specific figures were not disclosed during a recent press briefing, according to a <a href="https://www.caixinglobal.com/2024-10-14/exclusive-china-may-issue-6-trillion-yuan-in-treasury-bonds-to-buttress-economy-102245341.html">report</a> by Caixin Global on Tuesday.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41322578/teslas-chinese-rivals-move-to-calm-fears-of-an-european-invasion-that-threatens-legacy-players-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rivals Move To Calm Fears Of An European &#8216;Invasion&#8217; That Threatens Legacy Players: &#8216;Not Going To Overthrow Anybody Who&#8217;s Developed Over 100 Years&#8217;</a>
Xing Zhaopeng, a senior China strategist at ANZ, shared with Reuters that this development aligns with expectations. He stated, &#8220;For next year, we still think a growth target of around 5% is likely to be maintained. So, for a 5% growth rate, that should be enough.&#8221;
Why It Matters: The anticipation of China&#8217;s fiscal stimulus has been a significant factor influencing investor sentiment. Recently, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41316058/chinese-stocks-etfs-struggle-as-multi-trillion-yuan-stimulus-hopes-fall-short-yet-m">U.S.-listed Chinese stocks</a> experienced a downturn as investors were left underwhelmed by a high-level briefing from Chinese authorities that did not meet expectations for substantial economic measures. Despite hints of increased fiscal support, the absence of a large-scale package has left traders disappointed.
Stocks such as Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) have seen declines of 6% to over 8% in the past five days. Similarly, Chinese electric vehicle stocks like NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) <a href="https://www.benzinga.com/government/24/10/41312039/whats-going-on-with-us-listed-chinese-stocks-alibaba-baidu-nio-xpeng-on-monday">have also traded lower</a>, with other EV stocks, including Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), losing over 3% to 11% in the same period.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, at the time of writing on Tuesday during the after-hours, Invesco Golden Dragon China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) was showed a 2.13% decline while iShares MSCI China Multisector Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCHI#NASDAQ">TCHI</a>) was up by 4.28%, Meanwhile, iShares China Large Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) was up by 0.27%, while iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) was down by 0.35%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China Was Tipping Into A Japan-Style &#8216;Lost Decade&#8217; Of Deflation And Stagnation Before Late-September Stim</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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