The Federal Reserve is set to hold interest rates steady on Wednesday, reinforcing its "not-in-a-hurry" stance on rate cuts while possibly raising inflation forecasts to account for the economic impact of new trade tariffs.The decision will mark the second consecutive meeting at which rates remain unchanged. Policymakers await further progress in taming inflation before considering reductions.
The Hang Seng Index on Monday was affected by worldwide signals, especially the soon-to-be-held U.S. Federal Reserve meeting and the announcement of Hong Kong's February 2025 unemployment rate. The index closed nearly 1% higher. This upbeat action came after China's better-than-forecast retail sales figures.
The Hang Seng TECH Index also increased by over 2% on March 14th, and remained largely flat Monday, reflecting the strength in the tech sector. Market sentiment seemed to be cautiously optimistic, waiting for more cues from the Fed and the local unemployment figures.
There's growing investor interest in ETFs tracking Chinese AI stocks as leaders like Baidu (NASDAQ: BIDU) and Alibaba (NYSE: BABA) continue to lead the charge in AI technology. Recent news reports showcase that there's a lot of excitement building up China's emerging sector in artificial intelligence.
Investors are anticipating a chance to benefit from China's tech success story as it competes on a global scale. China is blowing up thanks to tech, and there's potential for people who invest.
For American investors looking to get a piece of China's growing AI industry, ETFs following China's AI sector are becoming an increasingly appealing choice. A few of the prominent ETFs with large exposures to Baidu, Alibaba, and other Chinese AI companies include:
KraneShares CSI China Inte...
