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China ETFs Gain Momentum as Alibaba Plans $25 Billion Stock Buyback

Alibaba (NYSE: BABA) climbed on Tuesday, lifting China country-specific exchange traded funds, as the Chinese internet giant increased its share buyback plans to reassure investors. On Tuesday, the Invesco Golden Dragon China ETF (PGJ) increased 8.1%, the iShares China Large-Cap ETF (NYSEArca: FXI)...
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