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China ETF Near Fresh High: Eye On Foreign Reserves

The iShares China Large-Cap exchange-traded fund (FXI) is up 0.7% today, near its 52-week high, as investors await May data on China's foreign exchange reserves.

Capital Economics thinks the data from People's Bank of China to be released overnight will show foreign exchange reserves were unchanged at $3.03 billion in May, while analysts surveyed by Bloomberg expect capital controls and the weaker dollar could push reserves up for a fourth month to $3.05 trillion, $17 billion above the level in April, the South China Morning Post reports.

In trading today, here are some of the big movers: internet play Autohome (ATHM) was up nearly 7%...