Losses still dominate year-to-date results for all the main regional slices of global stock markets, but China is holding on to it leadership position by posting a modest decline, based on a set of exchange traded funds through Apr. 28.
The i
Shares MSCI China ETF (NASDAQ:MCHI) is down 5.9% in 2020 through yesterday’s close, the softest setback vs. the rest of field. US equities are playing catch-up and are now in second-place with a 10.7% decline so far this year, based on SPDR S&P 500 (NYSE:SPY). That’s a step up for SPY, which was in fourth place in early April for the regional 2020 ranking.
MCHI Daily Chart (Image not shown due to low ratings)
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