White House's Kirby Says China's Move On Micron Won't Torpedo Larger Effort To Get Relations Into Better Position
Portfolio Pulse from Happy Mohamed
White House's John Kirby stated that China's move on Micron Technology won't derail the larger effort to improve US-China relations.
May 24, 2023 | 3:52 pm
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NEUTRAL IMPACT
China's move on Micron is not expected to affect the overall US-China relations, which may have a neutral impact on FXI.
As the White House stated that the move on Micron won't derail the larger effort to improve US-China relations, it is likely that the impact on FXI, which tracks Chinese stocks, will be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The White House's statement on China's move on Micron may have a neutral impact on the broader market, as represented by SPY.
Since the White House stated that the move on Micron won't derail the larger effort to improve US-China relations, it is likely that the impact on the broader market, as represented by SPY, will be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
China's move on Micron Technology may have a negative short-term impact on the company's stock price.
China's move on Micron Technology directly affects the company, and it may lead to a negative short-term impact on its stock price as investors react to the news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100