China’s Stimulus and Interest Rate Cuts Are Great News for This Vanguard ETF, Which Just Hit an All-Time High and Could Have More Room to Run
China released a stimulus package that includes lower reserve requirements for banks, lower interest rates, measures to encourage stock buybacks, homebuyer relief, and more. Chinese stocks and exchange-traded funds (ETFs) — many of which have been underperforming the S&P 500 by a wide margin in recent years — surged in response to the news. But…