China's Ministry Of Commerce: Resolutely Opposes U.S., Taiwan Trade Agreement
Portfolio Pulse from Benzinga Newsdesk
China's Ministry of Commerce has expressed strong opposition to the U.S. and Taiwan trade agreement, potentially escalating tensions between the countries.
May 23, 2023 | 1:33 pm
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NEGATIVE IMPACT
The opposition to the U.S.-Taiwan trade agreement by China's Ministry of Commerce may negatively impact the iShares China Large-Cap ETF (FXI) in the short term.
As China's Ministry of Commerce opposes the U.S.-Taiwan trade agreement, it may escalate tensions between the countries, potentially affecting Chinese large-cap companies and the iShares China Large-Cap ETF (FXI) negatively in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The U.S.-Taiwan trade agreement opposition by China's Ministry of Commerce may have a neutral impact on the SPDR S&P 500 ETF Trust (SPY) in the short term.
While the opposition to the U.S.-Taiwan trade agreement by China's Ministry of Commerce may escalate tensions between the countries, the overall impact on the U.S. market and the SPDR S&P 500 ETF Trust (SPY) is expected to be neutral in the short term, as the agreement is not directly related to the U.S. market.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50