U.S. Defense Secretary Austin And China's Minister Of National Defense Spoke Briefly In Singapore; Austin And Li Shook Hands But "Did Not Have A Substantive Exchange"
Portfolio Pulse from Happy Mohamed
U.S. Defense Secretary Austin and China's Minister of National Defense Li had a brief encounter in Singapore, shaking hands but not engaging in a substantive exchange.
June 02, 2023 | 1:06 pm
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NEUTRAL IMPACT
Brief encounter between U.S. and China defense officials in Singapore may not have a significant impact on FXI.
The brief encounter between U.S. Defense Secretary Austin and China's Minister of National Defense Li in Singapore did not result in any substantive exchange. This event is unlikely to have a significant impact on the iShares China Large-Cap ETF (FXI) as it does not indicate any major shift in U.S.-China relations.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
The brief meeting between U.S. and China defense officials is unlikely to have a significant short-term impact on SPY.
The brief encounter between U.S. Defense Secretary Austin and China's Minister of National Defense Li in Singapore did not result in any substantive exchange. This event is unlikely to have a significant short-term impact on the SPDR S&P 500 ETF Trust (SPY) as it does not indicate any major shift in U.S.-China relations or affect the broader market sentiment.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 30