China's Latest Covid-19 Wave Has Peaked With ~2,800 Severe Cases And 164 Deaths
Portfolio Pulse from Charles Gross
China's latest Covid-19 wave has peaked with around 2,800 severe cases and 164 deaths, according to the South China Morning Post. The news may impact the stocks of vaccine manufacturers and China-related ETFs.
June 12, 2023 | 8:43 am
News sentiment analysis
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NEUTRAL IMPACT
China's Covid-19 wave peaking may have a neutral impact on the iShares China Large-Cap ETF (FXI) in the short term.
As the Covid-19 wave in China has peaked, it may have a neutral impact on the iShares China Large-Cap ETF (FXI) in the short term, as the overall market may not be significantly affected.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
China's Covid-19 wave peaking may impact AstraZeneca's vaccine sales in the short term.
As the Covid-19 wave in China has peaked, the demand for vaccines may decrease in the short term, potentially affecting AstraZeneca's sales.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
BioNTech's vaccine sales may be impacted in the short term due to China's Covid-19 wave peaking.
With the Covid-19 wave in China peaking, the demand for vaccines may decrease in the short term, potentially impacting BioNTech's sales.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Johnson & Johnson's vaccine sales may be impacted in the short term due to China's Covid-19 wave peaking.
With the Covid-19 wave in China peaking, the demand for vaccines may decrease in the short term, potentially impacting Johnson & Johnson's sales.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Moderna's vaccine sales may be impacted in the short term due to China's Covid-19 wave peaking.
As the Covid-19 wave in China has peaked, the demand for vaccines may decrease in the short term, potentially affecting Moderna's sales.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Novavax's vaccine sales may be impacted in the short term due to China's Covid-19 wave peaking.
With the Covid-19 wave in China peaking, the demand for vaccines may decrease in the short term, potentially impacting Novavax's sales.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Pfizer's vaccine sales may be impacted in the short term due to China's Covid-19 wave peaking.
As the Covid-19 wave in China has peaked, the demand for vaccines may decrease in the short term, potentially affecting Pfizer's sales.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50