ORBX is trading at $43.56, up +3.13%, as China’s planned $54 billion recapitalization of state-owned banks and insurers improves sentiment toward lending, infrastructure and cyclical growth despite broader U.S. equity weakness.
- Asian equities also rallied, with semiconductor strength supporting the fund’s technology exposure.
- Oil-supply risks, stronger jobs data, and increased expectations for a September Fed hike are limiting the advance.