China ETFs cheer Beijing’s stimulus move

Chinese stocks swept to their biggest single-day gains since 2008 on Monday, with domestic A-shares registering their highest ever turnover as investors scrambled to join a searing rally sparked by Beijing’s latest raft of stimulus measures.

The move is juicing exchange-traded funds tied to China. The KraneShares CSI China Internet ETF rose, posting its best three-day stretch since the three days ending March 18, 2022, when it rose 39.31%, as tracked by the Dow Jones Market D