Blinken Poised To Travel To Beijing For Talks In Coming Weeks
Portfolio Pulse from Benzinga Newsdesk
US Secretary of State Antony Blinken is expected to travel to Beijing for talks in the coming weeks, according to Bloomberg. This could potentially ease tensions between the US and China.
June 06, 2023 | 2:48 pm
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POSITIVE IMPACT
Blinken's upcoming visit to Beijing may ease US-China tensions, potentially benefiting the iShares China Large-Cap ETF (FXI).
As Blinken's visit to Beijing may lead to easing tensions between the US and China, it could have a positive impact on Chinese stocks, including those in the iShares China Large-Cap ETF (FXI).
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Antony Blinken's upcoming visit to Beijing could ease US-China tensions, potentially having a positive impact on the S&P 500 ETF (SPY).
Easing tensions between the US and China could lead to a more stable global economic environment, which may positively impact the S&P 500 ETF (SPY) as it represents a broad range of US stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60