Exchange-traded funds that invest in Chinese stocks were trading down Wednesday afternoon, deepening the ETFs’ losses this year after data showed China’s services sector cooled in June and as investors face heightened geopolitical tensions between the country and the U.S.
Shares of the iShares MSCI China ETF MCHI were down 1% on Wednesday afternoon, bringing their year-to-date drop to more than 5%, according to FactSet data, at last check. The KraneShares CSI China Internet ETF KWEB was trading 0.9% lower Wednesday, tumbling…