State Department Says We Are Aware Of Recent Activity By A Chinese-Sponsored Cyber Actor To Develop A Presence In Networks Across U.S. Critical Infrastructure
Portfolio Pulse from Happy Mohamed
The State Department reports recent activity by a Chinese-sponsored cyber actor attempting to establish a presence in networks across U.S. critical infrastructure.
May 25, 2023 | 5:27 pm
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NEGATIVE IMPACT
Chinese cyber activity targeting U.S. infrastructure may increase tensions and negatively impact the iShares China Large-Cap ETF (FXI).
The news of Chinese-sponsored cyber activity targeting U.S. critical infrastructure may increase tensions between the U.S. and China, potentially leading to negative sentiment towards Chinese investments. This could result in a negative impact on the iShares China Large-Cap ETF (FXI) in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The news of Chinese cyber activity targeting U.S. infrastructure may cause concerns over security, potentially affecting the SPDR S&P 500 ETF Trust (SPY).
The news of Chinese-sponsored cyber activity targeting U.S. critical infrastructure may raise concerns over the security of U.S. companies and their networks. This could lead to negative sentiment and potential short-term impact on the SPDR S&P 500 ETF Trust (SPY) as investors may become more cautious.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60