The iShares China Large-Cap Fund (FXI) jumped +1.88% or 61 cents to $33.03 after economic data showed the manufacturing sector in China remained intact in March, up to 52.2 from 51.2 in February. The exchange-traded fund has gained +1.69% to $32.40 on the month. Among its top holdings are telecoms, insurers, industrial and petrochemical companies.
Companies like Apple Inc (AAPL) are exploring the sales themes in India, the third largest smart phone market in the world. In the fiscal year ended September 2015 India barely accounted for 0.5% of AAPL’s total annual revenue, but this is seen changing as more people gain from raised income within the next five to ten years.
Verizon Communications Inc (VZ) has gained +2.51% before easing -0.88% to $52 on the month since the media provider invested in AwesomenessTV, a digital content company. The streaming video partners will cater short-form content, shifting public access programs into premium per-subscription shows, scripted as well. DreamWorks Animation SKG Inc (DWA) first acquired AwesomenessTV in May 2013 for $33 million in cash. Today about 80% of content is broadcast on mobile devices.