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September 01, 2020 10:18am
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Rate Cut Stokes China ETFs

The iShares FTSE China 25 Index Fund (NYSEArca: FXI) rose 2.8% in Thursday’s premarket trading after China’s central bank cut interest rates by a quarter point. “China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks...
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