🔴 MCHI is trading 3.1% down in pre-market after overnight Chinese equity selloff

MCHI is trading 3.1% lower at $48.50 following an overnight selloff in Chinese equities.

• The CSI 300 fell 1.3%.
• Reports cited renewed concerns about AI valuations and spending, fading hopes for stimulus, and weak earnings as pressures on China shares.
• MCHI tracks Chinese equities available to international investors; no MCHI-specific company catalyst was identified.