To The Moon

This week, China stock ETFs surged as the government introduced new policies to combat economic slowdown. Investors are now wondering if the long-awaited recovery in Chinese stocks has arrived.The iShares MSCI China ETF (MCHI) and iShares China Large-Cap ETF (FXI) gained around 17.4% this week, their best performance ever. Meanwhile, the Invesco China Technology ETF (QQQ) and KraneShares CSI China Internet ETF (KWEB) rose 18.6% and 22%, their biggest gains since 2022. The Deutsche X-trackers Harvest CSI 300 ETF (ASHR) also jumped 16%.Stimulus Policies Drive RallyChina's central bank cut interest rates and reduced the reserve requirement ratio for banks on Tuesday to stimulate growth. It also lowered mortgage rates and down payments for second homes to support the property market. Later, th

ARK's flagship fund is still rising; The decline in stock prices highlights volatility.Cathie Wood, Wall Street's star manager and head of Ark Investments, has been hit by a double whammy because of her main shareholding$Block(SQ)$Company and Coinbase Company have been plagued with negative news recently.On Thursday (23rd), Hindenburg Research, an American short seller, pointed its finger at Block, a financial services company. After the report was issued, its share price immediately plummeted.On Wednesday (22nd), the US Securities and Exchange Commission (SEC) issued a Wells notice to Coinbase, the largest cryptocurrency exchange in the United States, saying that Coinbase was suspected of violating the investor protection law, which indicated that it