Singapore listed China ETF Hit New Low

The only Singapore listed China ETF "UETF SSE50 China100X"( code: JK8) ETF dived to new low yesterday following China banks cash squeeze crisis. The ETF is comprising 50 top China listed companies in Shanghai stock exchange.( click HERE for more information)

The United SSE 50 China ETF aims to provide investment results that, before fees, costs and expenses (including any taxes and withholding taxes), closely correspond to the performance of the mainland Chinese equity market as measured by the SSE 50 Index. Securities eligible for inclusion in the SSE 50 Index include equity securities issued by companies incorporated in China, and listed on the Shanghai Stock Exchange (SSE) in the form of A-Shares and are denominated in Chinese Yuan. The SSE 50 Index is an index consisting of 50 constituent stocks which are the 50 largest stocks of good liquidity listed on the SSE. The objective of the SSE 50 Index is to reflect the performance of the good quality large enterprises, which are influential in the SSE. The United SSE 50 China ETF is the first China A-Share ETF to be listed on the Singapore Stock Exchange. It is also the first China A-shares ETF to be denominated and traded in Singapore Dollars.

Technically,UETF SSE50 hit new historical low yesterday to 1.44 following SSE's panic selling and recovered in the afternoon to close at 1.53, its support is at 1.47. Its currently trading at 1.51(2.59pm)