China Select Committee Chair Gallagher Says Chinese Actions Against Micron Are Latest Example Of Economic Coercion To Intimidate U.S. Government From Implementing Export Controls
Portfolio Pulse from Benzinga Newsdesk
China Select Committee Chair Gallagher claims that Chinese actions against Micron are an example of economic coercion to intimidate the U.S. government from implementing export controls.
May 23, 2023 | 6:12 pm
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NEGATIVE IMPACT
Chinese actions against Micron may increase tensions between China and the U.S., potentially affecting the iShares China Large-Cap ETF (FXI).
The actions against Micron may lead to increased tensions between China and the U.S., which could negatively impact Chinese stocks, including those in the iShares China Large-Cap ETF (FXI).
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Micron Technology (MU) may face negative consequences due to Chinese actions, which are seen as economic coercion to deter U.S. export controls.
As the target of Chinese actions, Micron Technology (MU) may face negative consequences, such as reduced market access or increased regulatory scrutiny, which could hurt its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may be indirectly affected by increased tensions between China and the U.S. due to Chinese actions against Micron.
Increased tensions between China and the U.S. could lead to broader market volatility, which may indirectly affect the SPDR S&P 500 ETF (SPY).
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 25