'U.S. To Allow South Korean, Taiwan Chip Makers To Keep Operations In China' - WSJ
Portfolio Pulse from Benzinga Newsdesk
The U.S. government will allow South Korean and Taiwanese chip makers to continue their operations in China, according to the Wall Street Journal. This decision is expected to benefit companies like Samsung and TSMC.
June 12, 2023 | 2:07 pm
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POSITIVE IMPACT
The U.S. decision to allow Taiwanese chip makers to continue operations in China may positively impact the iShares MSCI Taiwan ETF (EWT).
The decision to allow Taiwanese chip makers to continue operations in China is likely to benefit companies like TSMC, which is a major component of the EWT ETF. This may lead to a positive impact on EWT's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The U.S. decision to allow South Korean chip makers to continue operations in China may positively impact the iShares MSCI South Korea ETF (EWY).
The decision to allow South Korean chip makers to continue operations in China is likely to benefit companies like Samsung, which is a major component of the EWY ETF. This may lead to a positive impact on EWY's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The U.S. decision to allow South Korean and Taiwanese chip makers to continue operations in China may have a neutral impact on the iShares China Large-Cap ETF (FXI).
While the decision may benefit South Korean and Taiwanese chip makers, it may not have a direct impact on Chinese companies that are part of the FXI ETF. Therefore, the impact on FXI is expected to be neutral.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
The U.S. decision to allow South Korean and Taiwanese chip makers to continue operations in China may have a neutral impact on the SPDR S&P 500 ETF (SPY).
The decision may have a positive impact on specific South Korean and Taiwanese companies, but it is unlikely to have a significant impact on the broader U.S. market represented by the SPY ETF. Therefore, the impact on SPY is expected to be neutral.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30