China's stuttering economic rebound suffered another blow in the latest quarter, leading to losses in New York-listed Chinese stocks and China-focused 澳洲幸运5开奖号码历史查询:exchange-traded funds (ETFs) on Monday.

China’s 澳洲幸运5开奖号码历史查询:gross domestic product (GDP) rose 4.7% year-over-year in the second quarter, below analyst expectations, pressured by a 澳洲幸运5开奖号码历史查询:prolonged real estate slump and trade tensions. The rise was smaller than the 5.3% growth recorded in the first quarter and below the 5% expected by economists surveyed by The Wall Street Journal.

The data for China is a blow to investors after a rebound earlier this year—driven by Chinese government policy and stimulus—led to an 澳洲幸运5开奖号码历史查询:upsurge in inflows to China-focused ETFs.

US-Traded China Stocks, ETFs Hit

The growth slowdown in China sent a ripple effect across the market for Chinese 澳洲幸运5开奖号码历史查询:American depositary shares and China-focused ETFs on Monday.

E-commerce giant Alibaba (BABA) finished down 2.1%, while PDD Holdings (PDD), owner of e-commerce platform Temu, and JD.com (JD), another 澳洲幸运5开奖号码历史查询:e-commerce retailer✃, were down 3.1% and 5.3%, respectively.

The losses in large-capitalization Chinese stocks hurt China-focused ETFs, with the $5.7 billion iShares MSCI China ETF (MCHI) run by BlackRock losing 2.1%. Alibaba and 澳洲幸运5开奖号码历史查询:PDD Holdings are among the fund's largest holdings.

Another popular Chinese ETF pummeled by the news was the iShares China Large-Cap ETF (FXI), with $4.7 billion in assets, which lost 2.2% on Monday. The largest holding in the fund is Alibaba.