Rate Cut Stokes China ETFs
June 07, 2012 at 09:10 AM EDT
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...