EWEB - Chinese ETFs continue volatile trading as U.S. officials dampen audit transparency hopes

Chinese exchange traded funds lost ground at the start of Thursday's trading after a note from the U.S. audit watchdog stated that speculation on a deal that would prevent hundreds of Chinese companies from being removed from U.S. exchanges is "premature." In response, the KraneShares CSI China Internet ETF (NYSEARCA:KWEB) dipped 4.1%, making it one of the worst-performing funds on the day. KWEB is among the area's largest ETFs with its $6.5B assets under management,  The move continues volatile trading for Chinese ETFs. Just last week, KWEB jumped 40% in a single day and surpassed record trade volumes. That rally took place amid hope of a more constructive regulatory environment, including a signs of potential progress related to audits for U.S.-listed companies. However, on Thursday, the Public Company Accounting Oversight Board, or PCAOB, stated that it remains connected with Chinese regulators but, at the moment, it's not clear if Beijing will eventually provide

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Chinese ETFs continue volatile trading as U.S. officials dampen audit transparency hopes