'China Surpasses Japan As World's Top Auto Exporter' - Nikkei Asia
Portfolio Pulse from Happy Mohamed
China has overtaken Japan as the world's top auto exporter, according to Nikkei Asia. This shift in rankings is expected to impact the automotive industry and related ETFs such as EWJ and FXI.
May 18, 2023 | 3:59 pm
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POSITIVE IMPACT
China's new position as the world's top auto exporter is likely to positively impact China-focused ETFs like FXI in the short term.
With China now the top auto exporter, investors may shift their focus to China-focused ETFs like FXI, expecting growth in the Chinese automotive industry. This could lead to a short-term increase in FXI's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
China's rise as the top auto exporter may negatively impact Japan-focused ETFs like EWJ in the short term.
As China surpasses Japan in auto exports, investors may shift their focus from Japan-focused ETFs like EWJ to China-focused ETFs. This could lead to a short-term decline in EWJ's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80